Plan 1 definition

Plan 1 means the teachers' retirement system, plan 1
Plan 1 means the public employees' retirement system, plan
Plan 1 means the law enforcement officers' and

Examples of Plan 1 in a sentence

  • The employee contribution rate for Plan 1 in PERS and TRS is set by statute at 6 percent and does not vary from year to year.

  • Plan 1 under the TRS and PERS programs are defined benefit pension plans whose members joined the system on or before September 30, 1977.

  • Plan 1 members are eligible to retire with full benefits after five years of credited service and attainment of age 60, after 25 years of credited service and attainment of age 55, or after 30 years of credited service.

  • Average final compensation (AFC) of Plan 1 TRS and PERS members is the highest average salary during any two consecutive years.

  • Noncertificated public employees are members of PERS (if Plan 1) or SERS.


More Definitions of Plan 1

Plan 1 means the law enforcement officers' and firefighters' retirement system, plan 1 providing the benefits and funding provisions covering persons who first became members of the system prior to October 1, 1977.
Plan 1 means the teachers' retirement system, plan 1 providing the benefits and funding provisions covering persons who first became members of the system prior to October 1, 1977.
Plan 1 means the retirement plans in existence prior to the enactment of chapters 293, 294 and 295, Laws of 1977 ex. sess.
Plan 1 means the law enforcement officers' and firefighters'
Plan 1 and “Plan 2” mean respectively the plans marked “1” and “2” initialled by or on behalf of the parties hereto for the purpose of identification;
Plan 1 means the plan attached to this Deed and numbered Plan 1;
Plan 1 means the plan annexed to this Lease and marked ‘Plan 1’