Common Contracts

2 similar Sebac Agreement contracts

SEBAC 2011 Option to Retain Grandfathered Normal Retirement Date
Sebac Agreement • December 6th, 2019

The 2011 SEBAC Agreement (Agreement) provided current Tier II or Tier IIA members of the State Employees Retirement System (SERS) the opportunity for a one-time irrevocable election to retain that normal retirement age. Rehired Tier II or Tier IIA members and members transferring from hazardous duty employment to non-hazardous duty employment have thirty days from the eligible event on payroll to choose whether or not to retain the current normal retirement age. Additionally, ARP members that elect to transfer from ARP to SERS/Hybrid pursuant to the terms of the SEBAC ARP Grievance (SAG) Award are also eligible to grandfather their normal retirement date and will have sixty days from the deadline of final invoice to choose whether or not to retain the current normal retirement age.

AutoNDA by SimpleDocs
SEBAC 2011 Option to Retain Grandfathered Normal Retirement Date
Sebac Agreement • February 15th, 2019

The 2011 SEBAC Agreement (Agreement) provided current Tier II or Tier IIA members of the State Employees Retirement System (SERS) the opportunity for a one-time irrevocable election to retain that normal retirement age. Rehired Tier II or Tier IIA members and members transferring from hazardous duty employment to non-hazardous duty employment have thirty days from the eligible event on payroll to choose whether or not to retain the current normal retirement age. Additionally, ARP members that elect to transfer from ARP to SERS/Hybrid pursuant to the terms of the SEBAC ARP Grievance (SAG) Award are also eligible to grandfather their normal retirement date and will have sixty days from the deadline of final invoice to choose whether or not to retain the current normal retirement age.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!