Tier 1 benefits definition

Tier 1 benefits means the benefits a member is entitled to under regulation 34(4) (calculated in accordance with regulation 37);
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Tier 1 benefits means the percentage of the wage replacement a covered individual is entitled to earn on wages up to fifty percent (50%) of the state average weekly wage.
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Tier 1 benefits means those benefits payable to those Participants who elect to receive Tier One Benefits by executing an election form and electing to receive Tier 1 benefits.
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Examples of Tier 1 benefits in a sentence

  • Employees hired prior to January 1, 2011, are eligible for Tier 1 benefits.

  • Employees hired prior to January 1, 2011 are eligible for Tier 1 benefits.

  • Employees hired before January 1, 2011, are eligible for Tier 1 benefits.

  • Employees originally hired prior to July 1, 2012 who then leave City employment and are subsequently re-hired are eligible for Tier 1 benefits provided their re-hire date is within 12 months of the date they separated from the City.

  • All Tier 1 benefits end at age 65, however, Tier 2 benefits continue for retirees only at age 65.

  • The report is available for download at www.imrf.org.Benefits ProvidedThe District participates in the Regular Plan (RP).Employees hired before January 1, 2011, are eligible for Tier 1 benefits.

  • Plaintiff brought the breach of contract claim within six years of the revocation of his Tier 1 benefits by NYCERS.

  • Committee discussed the following options for the future of SFCC functions:1) Within the future Fisheries Management Scotland organisation.2) Within Marine Scotland or the national wild fisheries unit.

  • All Tier 1 benefits end at age 65 provided that the teacher is Medicare Eligible.Teachers under age 65 – The teacher and spouse may purchase early retiree package (individual or family) at the rate the active employees pay.Teachers 65 or older and Medicare-eligible – The teacher and spouse may only purchase a Post-65 benefit plan.

  • In addition, from January 1, 1986 to July 1, 1989, there were several early retirement incentive windows that granted additional health care benefits to those that retired within these periods.Benefit Amount – Service Retirement - ContinuedAll Other Members In addition to the Tier 1 benefits, the State pays a portion of theRetiring after 7/1/89: cost of post-retirement health care above the Tier 1 costs for theretiree based on the age and service of the retiree (see chart below).

Related to Tier 1 benefits

  • Severance Benefits means the payment of severance compensation as provided in Section 3.3 herein.

  • Gap medical benefits means the benefits (if any) payable in respect of medical expenses that are less than, greater than or equal to the schedule fee, provided always that the medical expenses relate to a professional service that:

  • Medical Benefits Schedule means the Medicare Schedule of Benefits produced by the Department of Health to which all fees and benefits relate for inpatient hospital services.

  • Additional gap medical benefits means the benefits (if any) payable in respect of medical expenses that are more than the schedule fee and which otherwise meet the requirements of the fund’s no or known gap policy, provided always that the medical expenses relate to a professional service that: