Common use of Purchase of Military Service Credit as Public Service Clause in Contracts

Purchase of Military Service Credit as Public Service. Pursuant to Section 21024 of the Public Employee’s Retirement Law, an employee may elect to purchase up to four (4) years of service credit for any continuous active military or merchant marine service prior to employment provided, however, the employee must contribute an amount equal to the contribution for current and prior service that the employee and the City would have made with respect to that period of service.

Appears in 4 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

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Purchase of Military Service Credit as Public Service. Pursuant to Section 21024 of the Public Employee’s Employees’ Retirement Law, an employee may elect to purchase up to four (4) years of service credit for any continuous active military or merchant marine service prior to employment provided, however, the that employee must contribute an amount equal to the contribution for current and prior service that the employee and the City County would have made with respect to that period of service.

Appears in 1 contract

Samples: Memorandum of Understanding

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Purchase of Military Service Credit as Public Service. Pursuant to Section 21024 of the Public Employee’s Employees’ Retirement Law, an employee may elect to purchase up to four (4) years of service credit for any continuous active military or merchant marine service prior to employment provided, however, that the employee must contribute an amount equal to the contribution for current and prior service that the employee and the City County would have made with respect to that period of service.

Appears in 1 contract

Samples: Memorandum of Understanding

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