Common use of Retirement Payments Clause in Contracts

Retirement Payments. 374. The SFERS shall process and pay retirement claims in the following manner: BENEFIT PROCESSING TIME Initial monthly 60 days maximum retirement allowance 90% within 60 days Withdrawal of 6 weeks maximum contributions 85% paid in 30 days Death benefit 30 days maximum 90% paid within 30 days of filing appropriate papers 375. Effective July 1, 2006, represented employees agree to pay their own employee retirement contribution in an amount equal to seven and one-half percent (7.5%) of covered gross salary. For employees who became members of SFERS prior to November 2, 1976 (Charter Section A8.509 Miscellaneous Plan), the City shall pick up the remaining one-half percent (0.5%) of the total eight percent (8.0%) employee retirement contribution.

Retirement Payments. 374431. The SFERS shall process and pay retirement claims in the following manner: BENEFIT PROCESSING TIME Initial monthly 60 days maximum retirement allowance 90% within 60 days Withdrawal of 6 weeks maximum contributions 85% paid in 30 days Death benefit 30 days maximum 90% paid within 30 days of filing appropriate papers 375432. Effective July 1, 2006, represented employees agree to pay their own employee retirement contribution in an amount equal to seven and one-half percent (7.5%) of covered gross salary. For employees who became members of SFERS prior to November 2, 1976 (Charter Section A8.509 Miscellaneous Plan), the City shall pick up the remaining one-half percent (0.5%) of the total eight percent (8.0%) employee retirement contribution.

Retirement Payments. 374429. The SFERS shall process and pay retirement claims in the following manner: BENEFIT PROCESSING TIME Initial monthly 60 days maximum retirement allowance 90% within 60 days Withdrawal of 6 weeks maximum contributions 85% paid in 30 days Death benefit 30 days maximum 90% paid within 30 days of filing appropriate papers 375430. Effective July 1, 2006, represented employees agree to pay their own employee retirement contribution in an amount equal to seven and one-half percent (7.5%) of covered gross salary. For employees who became members of SFERS prior to November 2, 1976 (Charter Section A8.509 Miscellaneous Plan), the City shall pick up the remaining one-half percent (0.5%) of the total eight percent (8.0%) employee retirement contribution.

Retirement Payments. 374429. The SFERS shall process and pay retirement claims in the following manner: BENEFIT PROCESSING TIME Initial monthly 60 days maximum retirement allowance 90% within 60 days Withdrawal of 6 weeks maximum contributions 85% paid in 30 days Death benefit 30 days maximum 90% paid within 30 days of filing appropriate papers 375430. Effective July 1, 2006, represented rRepresented employees agree to pay their own employee retirement contribution to SFERS in an amount equal to seven and one-half percent (7.5%) of covered gross salary. For employees who became members of SFERS prior to November 2, 1976 (Charter Section A8.509 Miscellaneous Plan), the City shall pick up the remaining one-half percent (0.5%) of the total eight percent (8.0%) employee retirement contribution.