Tier D shall consist of the following benefits: Effective On or after July 1, 2018 Formula 1.62% @ 65 Final Average Compensation Highest 3-Year Average COLA Maximum 2% The implementation of this Retirement Tier is contingent upon the adoption of resolutions and an ordinance by the Board of Supervisors, which implement the provisions of Tier D (described above) applicable to general members who become new members, as defined by Government Code section 7522.04(f), in County positions on or after a date specified in the applicable resolution. Except as mandated by law, during the term of this Agreement, the County will not modify the retirement contribution offsets or retirement benefits agreed to herein for Tiers A, B or C. The employer and employee contribution rates are subject to annual San Diego County Employees Retirement Association actuarial reviews and establishment of rates.
Tier D. Shall consist of the following benefits: Effective: On or after July 1, 2020 Formula: 2.5% @ 57 (Gov. Code § 7552.25 (c)) Final Average Compensation: Highest 3-Year Average COLA: Maximum 2% The implementation of Safety “Tier D” is contingent upon the adoption of resolutions and an ordinance by the Board of Supervisors, which implement the provisions of Safety “Tier D” (described above) applicable to all safety members who become new members, as defined by Government Code section 7522.04(f), in County positions on or after a date specified in the applicable resolution.
Tier D shall consist of the following benefits: Effective On or after July 1, 2018 Formula 1.62% @ 65 Final Average Compensation Highest 3-Year Average COLA Maximum 2%
Examples of Tier D in a sentence
The action before your Board today is anticipated to also result in a long-term cost reduction to the County’s share of the retirement costs through the implementation of a new retirement tier, Tier D.
New (not reciprocal*) safety members entering the system on or after January 1, 2013, will earn retirement benefits in the PEPRA Tier D or Tier E structure.
Rate Tier D: Applies to barrels shipped in excess of 70,000 but equal to or less than 80,000 BPD by any one shipper in a calendar month.
The Tier D member contribution rates will be provided by SDCERA’s actuary following future action by the Board of Supervisors to adopt a resolution establishing the new retirement tier.
Establishes a new retirement Safety Tier D to be effective no sooner than July 1, 2020; 2.
More Definitions of Tier D
Tier D is contingent upon the adoption of resolutions and an ordinance by the Board of Supervisors, which implement the provisions of “Tier D” (described above) applicable to general members who become new members, as defined by Government Code section 7522.04(f), in County positions on or after a date specified in the applicable resolution.
Tier D shall consist of the following benefits: Effective on or after July 1, 2018 Formula 1.62 % @65 Final Average Compensation Highest 3-Year Average COLA Maximum 2% The implementation of “Tier D” is contingent upon the adoption of resolutions and an ordinance by the Board of Supervisors, which implement the provisions of “Tier D” (described above) applicable to general members who become new members, as defined by Government Code section 7522.04(f), in County positions on or after a date specified in the applicable resolution.
Tier D shall consist of the following benefits: Effective On or after July 1, 2018 Formula 1.62% @ 65 Final Average Compensation Highest 3-Year Average COLA Maximum 2% The implementation of this Retirement Tier is contingent upon the adoption of resolutions and an ordinance by the Board of Supervisors, which implement the provisions of Tier D (described above) applicable to general members who become new members, as defined by Government Code section 7522.04(f), in County positions on or after a date specified in the applicable resolution. Except as mandated by law, during the term of this Agreement, the County will not modify the retirement contribution offsets or retirement benefits agreed to herein for Tiers A, B or C.
Tier D is contingent upon the adoption of resolutions and an ordinance by the Board of Supervisors, which implement the provisions of “Tier D” (described above) applicable to general members who become new members, as defined by Government Code section 7522.04(f), in County positions on or after a date specified in the applicable resolution. All employees enrolled in General Tier D retirement (established 2018), will receive a retention premium of 5% for 20 years of service with the County of San Diego and an additional 5% for 25 years of service with the County of San Diego. For the retention incentive program premium, the employees’ years of service for eligibility will begin no sooner than July 1, 2017 or date of enrollment, whatever comes first.
Tier D means, in respect of a Collateral Debt Obligation, that the obligor thereunder is incorporated or has its principal place of business in China, Greece, Italy, Korea, Portugal, Taiwan or Thailand.
Tier D shall consist of the following benefits: Effective on or after July 1, 2018 Formula 1.62 % @ 65 Final Average Compensation Highest 3-Year Average COLA Maximum 2% The implementation of “Tier D” is contingent upon the adoption of resolutions and an ordinance by the Board of Supervisors, which implement the provisions of “Tier D” (described above) applicable to general members who become new members, as defined by Government Code section 7522.04(f), in County positions on or after a date specified in the applicable resolution. *Tier A: More than 5 years: 3% Less than 5 years: .75% Tier B: More than 5 years: 2% Less than 5 years: .25% Tier C: No Offset.
Tier D shall consist of the following benefits: Effective on or after July 1, 2018 Formula 1.62 % @ 65 Final Average Compensation Highest 3-Year Average COLA Maximum 2% The implementation of “Tier D” is contingent upon the adoption of resolutions and an ordinance by the Board of Supervisors, which implement the provisions of “Tier D” (described above) applicable to general members who become new members, as defined by Government Code section 7522.04(f), in County positions on or after a date specified in the applicable resolution. All employees enrolled in General Tier D retirement (established July 1, 2018), will receive a retention premium of 5% for 20 years of service with the County of San Diego and an additional 5% for 25 years of service with the County of San Diego. *Tier A: More than 5 years: 3% Less than 5 years: .75% Tier B: More than 5 years: 2% Less than 5 years: .25% Tier C: No Offset.