Examples of Retirement fund in a sentence
If the amount of severance pay is at least two thousand dollars ($2,000.00), then two thousand dollars ($2,000.00), shall be reported to the Indiana Teacher’s Retirement Fund (TERF) as salary.
In order to qualify for such severance, the employee must have made application to retire to the Indiana Teacher’s Retirement Fund (TERF) and must have taught in the Jac-Cen-Del Community School Corporation for a period of no less than fifteen (15) years.
It is intended that to the extent permitted by law, the amounts paid herein shall be: (i) included in Superintendent's "annual compensation" as defined in Indiana Code 5-10.2-4-3(c), (ii) used to determine the "average of annual compensation" as defined in Indiana Code 5-10.2-4-3(c), and iii) otherwise reported to the Indiana State Teachers Retirement Fund as compensation for purposes of calculating Superintendent’s retirement.
If the amount of severance pay is not at least two thousand dollars ($2,000.00) only the amount of the severance pay shall be reported in the Indiana Teacher’s Retirement Fund (TERF) as salary.
Temporary employees who work for the City more than one thousand (1000) hours in a twelve (12) month period will be enrolled in the Illinois Municipal Retirement Fund (IMRF).