Common use of Value of Benefit Clause in Contracts

Value of Benefit. For all purposes, including compensation comparisons, the Retiree Medical Program shall be valued at 1% of salary on which PERS retirement is based (Part A); plus .25% of other compensation (Part B).

Appears in 4 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

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Value of Benefit. For all purposes, including compensation comparisons, the Retiree Medical Program shall be valued at one percent (1% %) of salary on which PERS retirement is based (Part A); plus a quarter percent (.25% %) of other compensation (Part B).

Appears in 1 contract

Samples: Memorandum of Understanding

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