Classic has the meaning specified in the preamble to this Agreement.
Classic. MEMBERS ARE:
Classic. Members include employees hired prior to January 1, 2013, and those who are hired on or after that date who were already members of CalPERS or a public retirement system/plan with reciprocity with XxxXXXX and are hired by the City within six (6) months of separation from their prior CalPERS or such prior employment.
Examples of Classic in a sentence
Code Section 7522.02(c) and related CalPERS reciprocity (Classic Member) requirements.
More Definitions of Classic
Classic bargaining unit members shall be responsible to contribute to the City’s employer contributions to the California Public Employees’ Retirement System (CalPERS) as follows: Effective the pay period including July 1, 2017 4.5% Effective the pay period including January 1, 2021 5.0% The City agrees to amend its contract with CalPERS effective January 1, 2019 to allow employees to receive PERS credit for the additional contributions made to CalPERS on the City’s behalf. New members as defined by the PEPRA pension reform statute shall have a retirement formula dictated by law and shall be required to pay at least fifty percent (50%) of the normal cost of their pension as identified, and periodically revised, by CalPERS or eight percent (8%), whichever is greater up to the legal maximum. In addition, “New” bargaining unit members shall be responsible to contribute to the City’s employer contributions to the California Public Employees’ Retirement System (CalPERS) as follows: Effective the pay period including July 1, 2017 4.5% Effective the pay period including January 1, 2021 5.0% The City agrees to amend its contract with CalPERS effective January 1, 2019 to allow employees to receive PERS credit for the additional contributions made to CalPERS on the City’s behalf.
Classic. CalPERS Members hired on or after January 1, 2013: This section applies to employees who are eligible for District paid group insurance plan coverage, hired on or after May 10, 2012 through December 31, 2012, and eligible employees hired on or after January 1, 2013 that are considered “Classic” Members as defined by XxxXXXX. Receipt of retiree benefits is available only to employees who are working for the Nevada Irrigation District at the time of retirement and begin receiving (PERS) pension benefits within 120 days of separation from the District. Retirees may choose any plan offered to employees, and any additional cost for premium shall be borne by the retiree.
Classic. Employees
Classic. Employees
1) The defined benefit retirement formula for “classic employees” in the Safety member classification, as defined in the California Public Employees' Pension Reform Act of 2013 (PEPRA) and CalPERS guidance, is 3% @ 55.
2) The defined benefit retirement formula for “classic employees” in the Miscellaneous member classification, as defined in the California Public Employees' Pension Reform Act of 2013 (PEPRA) and CalPERS guidance, is 2% @ 55.
3) The County will not pay any portion of the required CalPERS member contribution on behalf of any “classic” Safety employee in the bargaining unit. Each “classic employee” shall pay the entire required CalPERS member contribution set forth under Government Code section 20671 et seq. (i.e., nine percent (9%) of the employee’s salary subject to CalPERS contribution), on a pre-tax basis. Such contributions by the employee shall be credited to the employee’s account.
4) The County will not pay any portion of the required CalPERS member contribution on behalf of any “classic” Miscellaneous. employee in the bargaining unit. Each “classic employee” shall pay the entire required CalPERS member contribution set forth under Government Code section 20671 et seq. (i.e., seven percent (7%) of the employee’s salary subject to CalPERS contribution), on a pre-tax basis. Such contributions by the employee shall be credited to the employee’s account.
Classic. Saddle Oxford shoe (black/white)
Classic members are those Miscellaneous EMPLOYEES with an initial hire date prior to January 1, 2013, who do not fit into the “NEW” employee categories.
11.1.3. RETIREMENT FOR CLASSIC MISCELLANEOUS EMPLOYEES SHALL BE AS FOLLOWS:
11.1.3.1. The DISTRICT shall contract with the Public Employees' Retirement System (PERS) to provide, in addition to minimum benefits, retirement benefits known commonly as “2.7% at 55 Full” as described in Government Code §21354.5 for Non-Safety Members. The contract shall also include the following:
11.1.3.1.1. Fourth level of 1959 Survivor Benefits (Section 21574). 11.
1.3.1.2. Credit for unused Sick Leave (§ 20965).
Classic or “Ward” means Hospital accommodation of a room with more than two (2) patient beds. “Semi-private” means Hospital accommodation of single or double occupancy room with shared bathroom.