Common use of Tier Clause in Contracts

Tier. FOUR (4): Employees, regardless of hire date, who retire from the ACFD on or after June 30, 2022, under the CalPERS and PEMHCA Program, will be paid a stipend, in an amount calculated using the applicable Percentage of ACFD’s Maximum Contribution based on the employee’s completed years of service1 with ACFD in accordance with subsection 11.B.2.a.ii. (Years of Service) below, towards the medical plan premium, less the MEC.

Appears in 5 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Sideletter of Agreement

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