Tier One. Under the first tier, the Plan Administrator will allocate the Employer Contributions for a Plan Year in the same ratio that each Participant's Compensation plus Excess Compensation (as the Employer defines that term in its Adoption Agreement) for the Plan Year bears to the total Compensation plus Excess Compensation of all Participants for the Plan Year. The allocation under this first tier, as a percentage of each Participant's Compensation plus Excess Compensation, must not exceed the applicable percentage (5.7%, 5.4%, or 4.3%) listed under Section 3.04(B)(2)(c).
Tier One. Employees hired prior to May 6, 2010, the City shall maintain a contract with CalPERS for the provision of a 2.5% @ 55 (highest 12 months) retirement benefit formula.
Tier One. 2.7% At 55
Tier One. 2.7% At 55 Retirement Plan – Unit Members Hired Prior to June 8, 2012
6.1.1 (including subsections) shall apply to bargaining unit members hired prior to June 8, 2012.
Tier One. Employees shall pay their full 8% (eight percent) member contribution.
Tier One. For miscellaneous management employees hired prior to May 6, 2010, the City shall maintain a contract with CalPERS for the provision of a 2.5% @ 55 (highest 12 months) retirement benefit formula. These plans shall contain the following options: Remarriage post-survivor allowance continuance Credit for unused sick leave option Military service credit option Employees shall pay the 8% of the employee contribution. Pursuant to IRS Code Section 414 (h) (2), these payments shall be made on a pre-tax basis.
Tier One i. Tier One will consist of Settlement Class Members who made a credit or debit card transaction at any Wawa convenience store or gas pump location between March 4, 2019 and December 12, 2019.
ii. Tier One claimants must complete the Tier One Claim Form attached hereto as Exhibit “A” and as required by the Claim Form: (a) submit with the Claim Form Reasonable Proof of a Transaction at Wawa; and (b) attest under penalty of perjury on the Claim Form that they spent some amount of time after March 4, 2019 monitoring their accounts as a result of the Data Security Incident.
iii. Class Members may sufficiently attest to spending time monitoring their accounts by checking a box on the Claim Form and signing the Claim Form under penalty of perjury.
iv. Tier One claimants need not have experienced an actual or attempted fraudulent transaction to be eligible for Tier One relief.
v. Any claimant who submits a Tier One Claim Form that does not contain sufficient requisite proof will be notified by the Claims Administrator of any deficiencies and given a reasonable opportunity to cure those deficiencies.
vi. Tier One claimants will be entitled to a $5 Wawa Gift Card. Total claims in Tier One are subject to a $6 million cap and a $1 million floor. If the total value of Tier One claims does not reach the $1 million floor, the value of Wawa Gift Cards distributed to Tier One claimants will be increased on a pro rata basis such that the $1 million floor is reached. If the total value of valid claims in Tier One exceeds $6 million, the value of Wawa Gift Cards distributed to Tier One claimants will be decreased on a pro rata basis such that the aggregate of all Wawa Gift Cards in Tier One totals $6 million.
Tier One. For employees hired by the City into the Association prior to January 1, 2013, or for “classic” members of CalPERS hired after January 1, 2013, the City’s contract with XxxXXXX provides the 3% @ age 50 retirement formula, fourth level 1959 Survivors Benefit and the Military Service credit, with 12 months final compensation. Employees shall pay an additional three percent (3%) towards the employer’s pension contribution rate for a total employee contribution of 12%. Pursuant to IRS Code Section 414 (h)(2), these payments shall be made on a pre-tax basis. The City has contracted with CalPERS for Employee Cost Sharing as set forth in Government Code section 20516(a). These additional employee pension contributions shall be credited to each member’s account as a normal contribution.
Tier One. For employees hired by the City into the Association prior to January 1, 2013, or for "classic" members of CalPERS hired after January 1, 2013, the City's contract with XxxXXXX provides the 3% @ age 50 retirement formula, fourth level 1959 Survivors Benefit and the Military Service credit, with 12 months final compensation. Employees shall pay an additional three percent (3%) towards the employer's pension contribution rate for a total employee contribution of 12%. Pursuant to IRS Code Section 414 (h) (2), these payments shall be made on a pre-tax basis. The City has contracted with CalPERS for Employee Cost Sharing as set forth in Government Code section 20516(a). These additional employee pension contributions shall be credited to each member's account as a normal contribution. Effective January 1, 2023, employees shall pay an additional two percent (2%) towards the City's pension contribution rate for a total employee contribution of 1 4%. As soon as administratively feasible, the City will arrange for these additional pension contributions to be incorporated into a contract amendment with CalPERS. The Union agrees to participate in all steps necessary to comply with this provision. SLPOA MOU January 1, 2023 - June 30, 2028
