Tier II. For unit members hired from July 1, 2011 through December 31, 2012, such plan shall be 2.5% at fifty-five (55) and the "single highest year" amendment.
Tier II. Taxonomic inventories to define types of benthic communities. An inventory of benthic taxa was compiled during each swim. Taxa were identified either in situ or with the aid of photographs to confirm identification afterward.
Tier II. All Safety Members hired on or after July 1, 2011 will have a retirement formula that is based on 3.0% @ 55 Plan Full Formula for Safety Members and upon retirement an employee’s “final compensation” will be based on the highest consecutive 36-month average for determining retirement benefits. Employees in Tier II will pay the full employee portion. Tier III All New Safety Members hired on or after January 1, 2013, as is mandated by the Public Employee’s Pension Reform Act of 2013 (PEPRA), will have a retirement formula based on 2.7% @ 57 Plan Full Formula for Safety Members and upon retirement an employee’s “final compensation” will be based the highest consecutive 36 month average. An employee in Tier III will pay 50% of Normal Costs. This amount is provided by CalPERS each year and is subject to change. For the purposes of any future comparisons of the level of compensation of employees covered by this MOU with comparable employees in other jurisdictions, these payments shall be taken into account along with measuring base salaries. All contributions shall be credited to the employees’ accounts with PERS.
Tier II. At the Tier II Closing, Buyer shall pay to the ------- Xxxxxxxx Payee in cash by wire transfer of immediately available funds an amount calculated in accordance with Section 8.3 hereof (the "Tier II Payment"); provided, however, thirteen and one-third percent (13 1/3%) of such Tier II Payment (the "Tier II Escrow Amount") shall be paid and held in escrow pursuant to the terms of an escrow agreement in form and substance reasonably satisfactory to the parties hereto (the "Tier II Escrow Agreement").
Tier II. All new salespersons hired after March 31, 2007 will receive commissions at the following rates: Commission (United/Century/Connoisseur/Excel) CATEGORY RATE Ready to Serve (Single Serve) 2.40% Spirit C Cordials 2.60% (United) 2.65%** (Century) Wines 3.20% Private Label/Closeout/Water 1.00% **Effective October 1, 2024, the Tier II Century commission rate for spirits will increase to 2.70% and remain at 2.70% for the duration of the Agreement.
Tier II. For employees hired on and after to July 1, 2011, shall be eligible for the 3% @ 55 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 II. Taxonomic inventories to define types of benthic communities. An inventory of benthic taxa was compiled during each swim. Taxa were identified either in situ or with the aid of photos to confirm identification afterward. Hard corals (Order Scleractinia) – to genus and species level where possible; Soft corals (Subclass Octocorallia) – to genus level where possible; Other benthos (such as sponges, zoanthids, bryozoans, macroalgae, etc) – to genus level where possible or phylum with growth form; Each taxon in the inventory was given a rank (0 to 5) on the basis of its abundance in the community at the site (Table 2.1c). These broad categories rank the taxa in terms of the relative abundance of individuals, rather than the contribution to benthic cover, at each site. Table 2.1 Categories of a) benthic attributes, b) ordinal ranks of percentage cover of substrate, and (c) ordinal ranks of taxa abundance.
Tier II. Employees hired after May 1, 1985 but before April 19, 2003 shall be covered by medical and dental plans when they retire from District employment provided that they meet the “Rule of 65.” Under the “Rule of 65” an employee’s age plus years of service with the District at the time of retirement must total 65, with a minimum requirement that the employee must be at least age 50 and have at least ten (10) years of continuous service with the District at the time of retirement. Employees hired after April 18, 2003, who have reached age 55 and have a minimum of ten (10) years of continuous service with the District at the time of retirement, shall be covered by medical and dental plans when they retire from District employment. The District shall only pay for the full cost of an eligible retired employee's medical and dental plan premiums until the retired employee's 65th birthday. At age 65, the retired employee shall pay the District fifty (50%) percent of the cost to the District for the employee's medical and dental coverage. Eligible employees shall be provided with reduced life insurance ($10,000) when they retire from District employment. Eligible employees’ qualified dependents (as defined by the plan provider) who were covered as dependents at the time of retirement also shall be covered by medical and dental plans with the exception that the District shall only pay for the full cost of an eligible dependent’s medical and dental plan premiums until the eligible dependent’s 65th birthday. At age 65, the eligible dependent shall pay the District fifty percent (50%) of the cost to the District for the eligible dependent’s medical and dental coverage. Tier III Employees hired after June 30, 2009 shall be covered by medical and dental plans when they retire from District employment provided that they meet the “Rule of 70.” Under the “Rule of 70,” an employee’s age plus years of service with the District at the time of retirement must total 70, with a minimum requirement that the employee must be at least age 55 and have at least ten (10) years of continuous service with the District at the time of retirement. For those employees hired on or after June 30, 2009, the District shall only pay fifty (50%) of the premium cost for the lowest cost medical plan for the retiree and spouse. For Tier III employees hired on or after April 18, 2013, the District shall only pay fifty (50%) of the premium cost for the lowest cost dental plan for the retiree and spouse. El...
Tier II. If the Actual Project Cost exceeds the TIER I budget of $11,305,000, the Cities agree to provide TIER II local funding in equal amounts as follows: Local Contribution Federal Match (approximate) Total Funding SLC As necessary to fund the Actual Project Cost, up to $2,500,000 Up to $5,812,500 $8,312,500, maximum SSL As necessary to fund the Actual Project Cost, up to $2,500,000 Up to $5,812,500 $8,312,500, maximum TIER II Subtotal SLC + SSL TIER II contributions, $5,000,000 maximum Up to $11,625,000 $16,625,000, maximum Tiers I and II, Total $8,400,000, maximum $19,530,000, maximum $27,930,000, maximum
Tier II. All Safety Members hired on or after July 1, 2011 will have a retirement formula that is based on 3.0% @ 55 Plan Full Formula for Safety Members and upon retirement an employee’s “final compensation” will be based on the highest consecutive 36-month average for determining retirement benefits. Employees in Tier II will pay the full employee portion.
