Examples of Five years of service credit in a sentence
Five years of service credit is required to become vested for retirement, disability and survivor benefits.Those employees who meet the legal definition of a “teacher” are eligible for membership.
You are vested in the plan when you meet one of the following service requirements:• 10 service credit years• Five years of service credit with at least 12 of those months being earned after age 44• Five service credit years earned in the Public Employees’ Retirement System (PERS) Plan 2 before Sept.
Five years of service credit vests participants with VRS for a defined benefit.
You are vested in the plan when you meet one of the following service requirements:• 10 service credit years• Five years of service credit with at least 12 of those months being earned after age 44• Five service credit years earned in PERS Plan 2 before June 1, 2003Once vested, you are eligible to retire with a full benefit at age 65.Retirement before 65 is considered an early retirement.
Five years of service credit," for the exclusive purpose ofsatisfying the service credit requirements and determining eligibility for benefits under section 3307.38 of the Revised Code, means employment covered under this chapter and employment covered under a former retirement plan operated, recognized, or endorsed by a college, institute, university, or political subdivision of this state prior to coverage under this chapter.
Five years of service credit is requiredto become vested for retirement, disability and survivor benefits.
Also, over the last decade or more other applications of the Act have emerged that were not envisaged when the Act was drafted, including; • Conversions of existing buildings to residential unit titled developments; • Mixtures of retail, office and residential unit developments; • Shopping centres; • Industrial unit developments; • Office blocks; • Motels; • Car parks; • Marinas; • Storage units; • Retirement villages; and • Tourist developments.
A retirement incentive plan shall provide for purchase of the same amount of service credit for each participating employee, except that the employer may not purchase more service credit for any employee than the lesser of the following: 2492 2493 2494 2495 (1) Five years of service credit; 2496 (2) An amount of service credit equal to one-fifth of the total service credited to the participant under this chapter, exclusive of service credit purchased under this section.
Five years of service credit are required for vesting.d. Kansas Police and Fire Retirement System (KP&F)A state employee, employed as a university police officer, is eligible to affiliate with KP&F if the position has been designated as a police officer, is not seasonal or temporary, and requires 1,000 or more hours of work per year.Membership is mandatory for all eligible employees and contributions are fixed by statute for all salary, wages and fees.
The system approval is limited to single storey buildings and as such fire resistance test standards of Part B of the Building Regulations and BS 476: Parts 20, 21 and 22 (as appropriate) will not be applicable.