REDUCTION OF PENSION Sample Clauses

REDUCTION OF PENSION. Should the secretary of the Retirement System report and certify to the Board that such disability beneficiary engaged in a gainful occupation, business, or employment paying more than the difference between and, should the Board concur in such report, then the amount of his disability retirement pension shall be reduced to an amount which together with the amount earned by him shall equal his average final compensation. (ord. eff. June 21, 1954; amend. Nov. 6, 1956).1 The amount of any disability retiree's disability retirement pension shall be reduced by any Worker's Compensation payments he or she receives. In the event the disability retiree's Worker's Compensation claim is redeemed, for purposes of this Section, his or her Worker's Compensation period shall be computed as set forth in Section 191, subparagraph 22 of the Charter. 1 For firefighter members, final average compensation shall be adjusted by the annual percentage increase in the Consumer Price index for All Urban Consumers (CPI-U), Detroit Metropolitan Area (1967 = 100), beginning with the employee's month of retirement.
Sample 1
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Related to REDUCTION OF PENSION

  • REDUCTION OF PERSONNEL A. The District and the Association recognize the possibility that the financial condition of the schools at a given time could necessitate a curtailment of program on the part of the District, including a reduction of personnel. The parties also recognize that such determinations are within the exclusive discretion of the District. In the event of a general cutback or reduction of personnel through layoff from employment, the following procedure, based upon program needs, will be utilized by the District or its designated representatives:

  • Salary Step Advancement No period of unpaid leave shall be counted toward time served for purposes of salary step advancement. Completion of at least 75% of the assigned work year for the employee in a paid status is a prerequisite to salary advancement.

  • Determination of Agreement 29. (1) In any of the following events namely if —

  • Accrual Rate of Sick Leave With Pay Credits Full-time employees shall accrue eight (8) hours of sick leave with pay credits for each full month worked. Employees who work less than the full month but at least thirty-two (32) hours during the month shall accrue sick leave with pay on a pro rata basis for the month.

  • Application of Agreement 4.1 This Agreement applies to:

  • Predetermination of Benefits If charges for a planned course of treatment by a licensed dentist would exceed $300.00, proposed details and x-rays should be submitted to the Plan Administrator for approval. Failure to do so may result in a payment of a lesser benefit amount because of the difficulty in determining the need for such treatment after it has been provided. Dental x-rays will be promptly returned to the dentist.

  • Application of Contract Provisions The parties agree that the following contract provisions shall not apply to these employees:

  • Application of Collective Agreement (a) The operation of this Article shall not be construed as a violation of the posting and/or scheduling provisions of Articles 7: Hours of Work and Scheduling Provisions and 14: Promotions, Transfers & Vacancies.

  • Construction of Agreement The parties mutually acknowledge that they and their attorneys have participated in the preparation and negotiation of this Agreement. In cases of uncertainty this Agreement shall be construed without regard to which of the parties caused the uncertainty to exist.

  • Termination of Check-Off An employee shall cease to be subject to check-off deductions beginning with the month immediately following the month in which he is no longer a member of the bargaining unit.

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