Examples of Tier II Employees in a sentence
Tier II: Employees whose first day of employment was prior to July 1, 2001 and with less than twelve (12) years of service as of July 1, 2000, shall receive a maximum payment of $40,000.
After completion of successful employment: 5 years $1550 10 years $1650 15 years $1750 20 years $1800 25 years $1850 30 years $1950 35 years $2050 New Tier II Employees on or after January 1, 2009, will commence with longevity at the beginning of their tenth (10) year of service in accordance with contractual language.
For employees hired on or after May 13, 2012 that are considered “classic members” in the PERS system (Tier II Employees), the Agency will continue to provide the 2% @ 55 PERS Miscellaneous Members Retirement for each employee covered by this agreement.
Tier II: Employees whose first day of employment was prior to July 1, 2001 and with less than twelve (12) years of service as of July 1, 2000, shall receive a maximum payment of 40% of the employee’s final annual salary.
Tier II: Employees hired subsequent to July 1, 1973, non-contributory employees.
Any Tier I or Tier II Employees who do not qualify for a benefit package, may purchase benefits through the current provider at their own expense.
There are two tiers within the plan: Tier I: Employees hired prior to September 30, 2005 Tier II: Employees hired on or after October 1, 2005 Regular employees are eligible for a full-service retirement annuity when they have completed 30 years of credited service or have attained the age of 60 with at least 10 years of credited service.
Tier II: Employees Hired from July 1, 1985 through June 30, 2000 Professional employees initially employed by the Employer on or after July 1, 1985, but before July 1, 2000, shall be eligible for a one-time Service Increment as follows: $1,000 in the 16th year of professional employment; $1,500 in the 21st year of professional employment; $2,000 in the 26th year of professional employment; $2,500 in the 31st, 36th, 41st, and 46th years of professional employment.
There are two tiers within the plan:Tier I: Employees hired prior to September 30, 2005 Tier II: Employees hired on or after October 1, 2005 Regular Tier I employees who have completed thirty (30) years of credited service or have attained age sixty (60) with at least ten (10) years of credited service are eligible for a full-service retirement annuity.
Tier II Employees who retire after June 30, 2021 will receive benefits described herein, but are not eligible to continue coverage in the group health plan as a retiree.