Local retirement system definition

Local retirement system means any teacher retirement or annuity system created in any public school district in Kentucky in accordance with the laws of Kentucky;
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Local retirement system means any teacher retirement or annuity system created
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Local retirement system means any teacher retirement or annuity system created in any public school district in Kentucky in accordance with the laws of Kentucky; "Fiscal year" means the twelve (12) month period from July 1 to June 30. The retirement plan year is concurrent with this fiscal year. A contract for a member employed by a local board of education may not exceed two hundred sixty-one
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Examples of Local retirement system in a sentence

  • The plan includes projected increases to salary, pension and health benefits consistent with NIFA policy and are in accordance with the estimates provided by the New York State and Local retirement system and State Department of Civil Service.

  • Local retirement system asset allocations have shifted during the last ten years with a reduction in the amount of fixed income in their portfolios with increases in both alternative investments and real estate asset classes.Over the last five years, the 88 actuarially funded local retirement systems paid out an annual average of over $1.5 billion in benefits to retirees and beneficiaries.


More Definitions of Local retirement system

Local retirement system means any teacher retirement or annuity system created in any public school district in Kentucky in accordance with the laws of Kentucky; "Fiscal year" means the twelve (12) month period from July 1 to June 30. The retirement plan year is concurrent with this fiscal year. A contract for a member
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Related to Local retirement system

  • Retirement system means a retirement plan or system that is established by or pursuant to title 38.

  • Public employees retirement system means the retirement plan and program

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Normal Retirement means retirement from active employment with the Company or any Subsidiary on or after age 65.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Continuing care retirement community means a residential

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

  • Normal Retirement Age means the Executive's 65th birthday.

  • Settlement System Code means the specifications, standards, methods, calculations and conventions established under the AUC Settlement System Code Rule 021, as amended or replaced from time to time;

  • Retirement Eligibility means attainment of age 60 and completion of at least five (5) years of continuous service with the Company.

  • Family day system means any person who approves family day homes as members of its system;

  • Service-disabled veteran-owned business means a service-disabled veteran-owned business located in the State of Tennessee that satisfies the criteria in Tenn. Code. Ann. § 12-3-1102(8). "Service-disabled veteran" means any person who served honorably in active duty in the armed forces of the United States with at least a twenty percent (20%) disability that is service-connected, i.e., the disability was incurred or aggravated in the line of duty in the active military, naval or air service.