Vesting and Eligibility for Pensions Sample Clauses

Vesting and Eligibility for Pensions. Members Hired Prior to July 1, 2012. Upon the completion of ten (10) years of service with the City’s Police Department, members of the Police Department shall become vested in their right to receive a service pension from the Police Pension II Fund. Therefore, any member of the Department who retires with the (10) or more years of service with the Police Department shall be entitled to retire and receive (when eligible, as set forth herein) a service pension from the Police Pension II Fund at the applicable service pension accrual rates set forth in Subsection (C) below. Any member who retires with less than ten (10) years of service shall not receive a service pension from the Police Pension II Fund, but shall receive his/her pension contributions back, without interest. Any member of the Police Department who was hired prior to July 1, 2012 and who retires with at least twenty (20) years of service shall be entitled to retire and begin receiving his/her pension immediately upon such retirement. Should any vested member of the Police Department who was hired prior to July 1, 2012 retire with less than twenty (20) years of service, the payment of his/her service pension benefits from the Police Pension II Fund shall commence only after the date on which said member would have completed twenty (20) years of service had the employee continued as a member of the Department notwithstanding the age of the retired member. Unless otherwise stated, for purposes of the pension eligibility provisions and pension accrual rates set forth in this Section 30, “years of service” shall include any eligible “buy back” years established in this Agreement or in any City ordinance, resolution, or other law (i.e. Military Duty buy back years of service); provided, however, no such member shall be permitted to buy back any years of service until he/she has been employed for twenty (20) years.
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Vesting and Eligibility for Pensions. Upon the completion of ten (10) years of service with the City’s Police De- partment, members of the Police Department shall become vested in their right to receive a service pension from the Police Pension II Fund. Therefore, any member of the Department who retires with the (10) or more years of service with the Police Department shall be entitled to retire and receive (when eligible, as set forth herein) a service pension from the Police Pension II Fund at the applicable service pension accrual rates set forth in Subsection
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Related to Vesting and Eligibility for Pensions

  • Eligibility for Benefits A member will not be eligible to receive Long Term Disability benefits until their Income Protection benefits have expired.

  • Health Benefits Eligibility a. The State System shall provide an eligible permanent full-time active employee with health benefits. The State System shall provide permanent part-time employees who are expected to be in an active pay status at least fifty (50%) of the time every pay period with health benefits.

  • Group Benefits Eligibility 7.2.1 Subject to the provisions of the master policies, all teachers appointed to the staff of the School Division after the signing of this collective agreement shall be required to enrol in the ASEBP Plans and AHC. All teachers enrolled in the plans on the signing date of this agreement shall continue to be enrolled in the plans. A teacher may be exempted from participation in the Extended Health Care Plan, the Dental Plan, Vision Care Plan and the AHC plan upon submitting proof of participation in these or similar plans through their spouse.

  • Benefit Eligibility For purposes of the Benefit Plan entitlement, common-law and same sex relationships will apply as defined.

  • Eligibility for Membership Membership in the Sick Leave Bank shall be extended to any certificated employee of the School District who has accumulated one (1) day of personal sick leave as defined by Idaho Code 33-1216 and 33-1217.

  • Membership Eligibility To join the Credit Union, you must meet the membership requirements, including purchase and maintenance of the minimum required share(s) (“membership share”) as set forth in the Credit Union’s bylaws. You authorize us to check your account, credit and employment history, and obtain reports from third parties, including credit reporting agencies, to verify your eligibility for the accounts and services you request.

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