Tier I. Classic Safety Members hired prior to July 1, 2011 will have a retirement formula that is based on 3.0% @ 50 Plan Full Formula for Safety Members and upon retirement an employee’s “final compensation” will be based on the “highest one (1) year” salary.
Tier I. Part-time employees in the bargaining unit will receive pay for the number of hours they would normally be scheduled to work on the day the holiday is observed.
Tier I. An employee covered by this Agreement who retires after the age of 55 and who has 15 or more consecutive years of paid service in the District immediately prior to the date of retirement shall receive the health and welfare benefit contributions (except life insurance) for the applicable level of single, two-party, or family coverage until the retiree reaches age 70 or until the retiree becomes eligible for other health and welfare benefits (e.g., Medicare Parts A and B), whichever occurs first. For the purpose of calculating "consecutive years of paid service," District-approved paid leaves of absence shall not be considered as a break in service.
1. At the time when the retiree becomes "eligible" for other benefits, the retiree's medical insurance coverage shall be modified pursuant to the terms of the medical insurance policy. The word "eligible" as used herein shall mean the attainment of the age at which the retiree may apply for the other benefits. The District's contribution shall be reduced to the amount necessary to purchase the modified medical insurance coverage.
2. When the retired employee no longer receives District contributions to the health and welfare benefit program, the retiree may, with the approval of the carrier(s), continue applicable coverage at the retiree's expense.
3. The provisions of paragraph E of this Article shall not apply to any employee whose first date of hired service to the District is on or after July 30, 1996.
Tier I. At the Tier I Closing, Buyer shall pay to the ------ Xxxxxxxx Payee in cash by wire transfer of immediately available funds $6,000,000 (the "Tier I Payment").
Tier I. The Tier I Per Performance Contract shall be used in theatres seating 300 or more; more than 75 miles round-trip travel per day is involved; and Actors do not return to their places of residence each day.
Tier I. SLC and SSL shall provide TIER I local funding in equal amounts as follows: Local Contribution Federal Match (approximate) Total SLC $1,700,000 $3,952,500 $5,652,500 SSL $1,700,000 $3,952,500 $5,652,500 TIER I Total $3,400,000 $7,905,000 $11,305,000 While the Actual Project Cost is not known at this time, it is expected to exceed the TIER I budget of $11,305,000.
Tier I. Unit members hired prior to July 1, 2011, shall be eligible for the 3% @ 50 retirement formula for Local Safety members. The City pays 9% on behalf of the employee share and the unit member pays 9% toward the CalPERS “employer” share, on a “cost sharing” basis, at the same percentage and at the same starting date as the City’s contributions “toward the employee share.” The employee contribution is “compensation earnable” as defined in Government Code section 20636. The City shall continue the highest level of the 1959 survivor benefit.
Tier I. An employee covered by this Agreement who retires after the age of 55 and who has 15 or more consecutive years of paid service in the District immediately prior to the date of retirement shall receive the health and welfare benefit contributions (except life insurance) for the applicable level of single, two-party, or family coverage until the retiree reaches age 70 or until the retiree becomes eligible for other health and welfare benefits (e.g., Medicare Parts A and B), whichever occurs first. The provisions of paragraph E of this Article shall not apply to any employee whose first date of hired service to the District is on or after July 30, 1996. For the purpose of calculating "consecutive years of paid service," District-approved paid leaves of absence shall not be considered as a break in service.
1. At the time when the retiree becomes "eligible" for other benefits, the retiree's medical insurance coverage shall be modified pursuant to the terms of the medical insurance policy. The word "eligible" as used herein shall mean the attainment of the age at which the retiree may apply for the other benefits. The District's contribution shall be reduced to the amount necessary to purchase the modified medical insurance coverage.
2. When the retired employee no longer receives District contributions to the health and welfare benefit program, the retiree may, with the approval of the carrier(s), continue applicable coverage at the retiree's expense.
Tier I. On the Tier I Closing (as defined in Section 3.1 ------ below), Buyer shall pay to Seller in cash by certified check or by wire transfer $1,375,000.
Tier I. An integrated computer system, first shipped before July 1, 2000, shall consume no more than 45 xxxxx in the sleep mode. Integrated computer systems that always maintain a level of power consumption less than or equal to 45 xxxxx comply with the power consumption requirements of this agreement and are not required to incorporate the sleep mode described in Section II.
