Common use of Retention Incentive Bonus Clause in Contracts

Retention Incentive Bonus. Members of the System whose membership began 29 prior to January 1, 1982, and as of January 1, 2001, are either actively employed 30 or on an approved leave of absence, shall have their final average salary increased 31 by a bonus of 7.5% for each year of pension service credit earned after January 1, 32 2001. Said bonus shall be credited on a daily basis and the maximum bonus 33 which can be added to an eligible member’s final average salary shall not exceed

Retention Incentive Bonus. Members Member’s of the System whose membership began 29 14 prior to January 1, 1982, and as of January 1, 2001, are either actively employed 30 15 or on an approved leave of absence, shall have their final average salary increased 31 16 by a bonus of 7.5% for each year of pension service credit earned after January 1, 32 17 2001. Said bonus shall be credited on a daily basis and the maximum bonus 33 18 which can be added to an eligible member’s final average salary shall not exceed

Retention Incentive Bonus. Members of the System whose membership began 29 24 prior to January 1, 1982, and as of January 1, 2001, are either actively employed 30 25 or on an approved leave of absence, shall have their final average salary increased 31 26 by a bonus of 7.5% for each year of pension service credit earned after January 1, 32 27 2001. Said bonus shall be credited on a daily basis and the maximum bonus 33 28 which can be added to an eligible member’s final average salary shall not exceed