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. These plans shall contain the following options: Remarriage post-survivor allowance continuance Credit for unused sick leave option Military service credit option Tier One employees shall pay 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. 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. 2.7% At 55
Tier One. Employees shall pay their full 8% (eight percent) member contribution.
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.
Tier One. This is where all support incidents begin. The issue is clearly recorded and the supplier performs basic troubleshooting. Tier two. If an issue cannot be resolved in tier one, it will be escalated to tier two. At this point, the supplier will perform more complex support, using specialist staff where appropriate. Tier three. Issues that cannot be resolved at tier two will be escalated to tier three. At this level, support is provided by the supplier’s most-experienced staff, who can draw on a range of expertise from third-parties when needed. Charges and conditions The monthly price for these services is: £[enter price] This is an all-inclusive charge that covers everything described in this contract, with the following conditions: Support will be provided during working hours. These are also referred to as ‘standard hours’ and are 8.30am — 6pm on weekdays (excluding English Bank Holidays). Support will be provided on a remote access basis. Visits to the supplier’s premises (or to other sites) are charged separately. Additional charges apply for these items: Support outside of standard hours: £[amount] per hour Onsite visits: £[amount] per hour (standard hours) £[amount] per hour (outside standard hours) All prices shown exclude VAT.
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 highest final compensation. Tier one employees shall pay 9% of the employee contribution Effective January 1, 2023, employees will pay an additional one (1%) percent towards the employer's pension contribution rate for a total employee contribution of 10%. Effective July 1, 2024, employees will pay an additional one-half (0.5%) percent towards the employer's pension contribution rate for a total employee contribution of 10.5%. Effective July 1, 2025, employees will pay an additional one-half (0.5%) percent towards the employer's pension contribution rate for a total employee contribution of 11%. Pursuant to IRS Code Section 414 (h) (2), these payments shall be made on a pre-tax basis. The City will contract 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. As soon as administratively feasible, the City will arrange for these additional pension contributions to be incorporated into a contract amendment with CalPERS. The City agrees to refund the employee contributions in the unforeseen event of a member's death before the contract amendment is complete.
