Examples of Five years of service credit in a sentence
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 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.
Five years of service credit is requiredto become vested for retirement, disability and survivor benefits.
Five years of service credit at retirement, or receiving an allowance of at least 37 1/2% of Final Compensation.
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," 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 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.
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: 2494 2495 2496 2497 (1) Five years of service credit; 2498 (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.
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 TRS 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.