Common use of Retirement Buy Back Clause in Contracts

Retirement Buy Back. For employees who wish to purchase previous temporary and/or contract San Xxxxxxx County service under the provisions of Government Code Section 31641.5, the County shall assume responsibility for 50% of the amount of the contribution the employee is required to pay in order to be credited with such service. The amount assumed by the County shall not become part of the employee’s accumulated contributions and shall not be considered compensation for purposes of contributions to, or benefits from the San Xxxxxxx County Retirement Association.

Appears in 5 contracts

Samples: Office and Office Technical Bargaining, Office And, Office and Office Technical Bargaining

AutoNDA by SimpleDocs

Retirement Buy Back. For employees who wish to purchase previous temporary and/or contract San Xxxxxxx County service under the provisions of Government Code Section 31641.5, the County shall assume responsibility for 50% of the amount of the contribution the employee is required to pay in order to be credited with such service. The amount assumed by the County shall not become part of the employee’s accumulated contributions and shall not be considered compensation for purposes of contributions to, or benefits from the San Xxxxxxx County Retirement Association.

Appears in 3 contracts

Samples: sjsheriff.org, www.sjgov.org, www.sjgov.org

Retirement Buy Back. For employees who wish to purchase previous temporary and/or contract San Xxxxxxx County service under the provisions of Government Code Section 31641.5, the County shall assume responsibility for 50% of the amount of the contribution the employee is required to pay in order to be credited with such service. The amount assumed by the County shall not become part of the employee’s accumulated contributions and shall not be considered compensation for purposes of contributions to, or benefits from the San Xxxxxxx County Retirement Association.Association.‌

Appears in 1 contract

Samples: www.seiu1021.org

Retirement Buy Back. For employees who wish to purchase previous temporary and/or contract San Xxxxxxx County service under the provisions of Government Code Section 31641.5, the County shall assume responsibility for 50% of the amount of the contribution the employee is required to pay in order to be credited with such service. The amount assumed by the County shall not become part of the employee’s accumulated contributions and shall not be considered compensation for purposes of contributions to, or benefits from the San Xxxxxxx County Retirement Association.Association.‌‌

Appears in 1 contract

Samples: Office And

AutoNDA by SimpleDocs

Retirement Buy Back. For employees who wish to purchase previous temporary and/or contract San Xxxxxxx Joaquin County service under the provisions of Government Code Section 31641.5, the County shall assume responsibility for 50% of the amount of the contribution the employee is required to pay in order to be credited with such service. The amount assumed by the County shall not become part of the employee’s accumulated contributions and shall not be considered compensation for purposes of contributions to, or benefits from the San Xxxxxxx Joaquin County Retirement Association.Association.‌‌

Appears in 1 contract

Samples: www.seiu1021.org

Time is Money Join Law Insider Premium to draft better contracts faster.