Service retirement definition

Service retirement means separation of a member of the City Employees Retirement System from City employment with the proper combination of age and service credit to qualify for a monthly pension.
Sample 1Sample 2Sample 3
Service retirement means any period
Sample 1Sample 2Sample 3
Service retirement means any period that a pensioner receives a retirement pension but does not include any period of disability retirement.
Sample 1Sample 2Sample 3

Examples of Service retirement in a sentence

  • Service retirement benefits are based upon the value of the member’s account upon retirement.

  • Service retirement benefits of 1/60th of final average salary for each year of service credit is available to tier 4 members upon reaching age 62 and tier 5 members upon reaching age 65.

  • Under the Public Service (Single Scheme and Other Provisions) Act 2012 (the 2012 Act), candidates are required to declare: • any prior Public Service employment, or• any pre-existing entitlements to a Public Service retirement benefit (whether already paid, in payment or deferred), or• any existing remuneration from any other Public Service employment, or• any such employment in which they received a payment-in-lieu of pension for that service.

  • Service retirement benefits of 1/55th of final average salary for each year of service credit is available to Tiers 1 and 2 members upon reaching age 60 and to Tier 3 members upon reaching 62.

  • Service retirement benefits of 1/60th of final average salary for each year of service credit is available to Tier 4 members upon reaching age 62 and to Tier 5 members upon reaching age 65.


More Definitions of Service retirement

Service retirement means retirement as provided in section 3307.58 or 3307.59 of the Revised Code.
Sample 1Sample 2Sample 3
Service retirement or upon "Ordinary Disability Retirement" or upon "Accidental Disability Retirement", all of which are defined more specifically by the Police and Fireman's Retirement System, an employee shall receive a lump sum payment as supplemental compensation for each full hour of earned and unused accumulated hours of sick leave which is credited to them on the effective date of their retirement.
Sample 1Sample 2
Service retirement occurs upon a Participant's termination of employment before Age 65 Retirement but after (y) the Participant has attained at least 55 years of age; and (z) the Participant's age, when added to such Participant's years of credited service with SunCoke and its Affiliates, equals at least 65 years. Notwithstanding the foregoing, a Participant's termination of employment shall not be deemed to be a "Retirement' unless there is no Just Cause;] and
Sample 1Sample 2
Service retirement means retirement as provided in section 3307.38 or 3307.39 of the Revised Code.
Sample 1Sample 2
Service retirement or "Disability Retirement" shall mean the: The voluntary termination of employment under terms and conditions set forth by and satisfactory to the state retirement system.applicable state retirement system. For more detail on the requirements for service retirement or disability retirement, please contact the appropriate retirement system.
Sample 1Sample 2
Service retirement. Separation from District employment, including application and eligibility for service retirement with PERS.
Sample 1Sample 2
Service retirement means a retirement from the Retirement System based upon Service Credit and age.
Sample 1