Tier 1 Retirement Sample Clauses

Tier 1 Retirement. 8.2.1 A pension enhancement of 3% @ 50, Single Highest Year, with a 90% benefit cap, was established effective December 31, 2006, for all of the sworn Law Enforcement and supervisory sworn law enforcement unit employees.
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Tier 1 Retirement. The County agrees to continue a plan whereby the County will contribute the EPMC amounts specified in Section 9.1.2 and 9.1.3 above, on behalf of the unit members to the Pension Trust. These amounts paid by the County are for a portion of the unit member’s contribution and are paid by the County to partially satisfy the employee’s obligation to contribute to the County Pension Trust. Effective the pay period that includes July 1, 2005 the parties agree that “Final Compensation” for miscellaneous members of the Pension Trust from the bargaining unit shall be based upon:
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Tier 1 Retirement. 9.2.1 The County agrees to continue a plan whereby the County will contribute (“pick up”) amounts specified in Section 9.1.2 and 9.1.3 above, on behalf of the unit members to the Pension Trust. These amounts paid by the County are for a portion of the unit member’s contribution and are paid by the County to partially satisfy the employee’s obligation to contribute to the County Pension Trust.
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Tier 1 Retirement. ‌ Effective July 3, 2005, a pension enhancement of 3% @ 55, with a 90% benefit cap, and Single Highest Year was established for safety members of this unit. Effective July 3, 2005 a pension enhancement of 2% @ 55, with an 80% benefit cap, and Single Highest Year was established for non-safety members of this unit Deferred Retirement Option Plan (DROP) Employees in the bargaining unit are eligible for the DROP program in accordance with the terms of the County of San Xxxx Obispo Employees’ Retirement Plan. DSA shall defend, indemnify and save harmless the County of San Xxxx Obispo and the Pension Trust, its officers, agents and employees from any and all claims, demands, damages, costs, expenses, or liability, including, but not limited to, liability for back taxes, and all claims of any type by the Internal Revenue Service, the California Franchise Tax Board, unit members, or their heirs, successors, or assigns, arising out of this Agreement to implement the Deferred Retirement Option Plan (DROP).
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Tier 1 Retirement. 13.2.1 Parties agree that “Final Compensation” negotiated in 2005 has been specified in the San Xxxx Obispo County Employees Retirement Plan. Employees shall assume all identified costs associated for the single highest year final compensation.
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Tier 1 Retirement 
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Related to Tier 1 Retirement

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Normal Retirement Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

  • Deferred Retirement a. An employee who, upon separation from County service, is eligible for paid retirement and elects deferred retirement must defer participation in the Grant until such time as he or she becomes an active retiree.

  • Normal Retirement Date The term “Normal Retirement Date” means the Executive’s attainment of age sixty-five (65).

  • Vacation Pay on Retirement Termination is as follows:

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