Vested member definition

Vested member or "vested" means:

Vested member means an active or inactive member who has at least five (5) years of credited service, except that a member, who at the time of his separation from service:

Vested member means a member who has become eligible to receive monthly retirement benefits upon the member’s retirement as the result of either completing at least four years of service or of attaining the age of fifty-five while performing membership service. [C35, §6326-f1, f6(8,d); C39, §6326.03, 6326.08(8,d); C46, 50, 54, 58, 62, 66, 71, 73, 75, 77,79, 81, §411.1, 411.6(8); 82 Acts, ch 1261, §26, 27]84 Acts, ch 1285, §22; 90 Acts, ch 1240, §48; 92 Acts, ch 1201, §62; 2000 Acts, ch 1077, §86 –89, 110, 111; 2001 Acts, ch 176, §17, 18; 2002 Acts, ch 1135, §41; 2006 Acts, ch 1092, §9; 2009Acts, ch 99, §1; 2010 Acts, ch 1167, §43; 2013 Acts, ch 20, §2, 3Referred to in §97A.6, 97B.50A, 261.87, 400.11, 411.6, 724.6 411.1A Purpose of chapter.The purpose of this chapter is to promote economy and efficiency in the municipal public safety service by doing the following:1. Provide an orderly means for police officers and fire fighters to have a retirement system which will provide for the payment of pensions to retired members and members incurring disabilities, and to the surviving spouses and dependents of deceased members.2. Provide a comprehensive disability program for police officers and fire fighters to include standards for entrance physical examinations, guidelines for ongoing fitness and wellness, disability pensions, and postdisability retirement compliance requirements.93 Acts, ch 44, §15; 96 Acts, ch 1129, §90; 2000 Acts, ch 1077, §90Referred to in §411.5

Examples of Vested member in a sentence

• MESSINA/Fletcher) LOSAP Disability Benefit ApprovedR122-21 Request from Sue Bowen, Secretary to the Board of Fire Commissioners, for the Board of Fire Commissioners to approve a request from LOSAP Vested member Wayne Dakin to receive his Pre-Entitlement Disability Benefit.

• R062-2022 Approval of Pre- Entitlement BenefitsAuthorization for the Board of Fire Commissioners to approve a request from LOSAP Vested member David LaMont to receive his Pre-Entitlement Disability Benefit.

• If not vested, return of accumulated member contributions, without interest.Pre-Retirement Death Benefits:Vested member: Benefits, otherwise payable at early or normal retirement age, payable to beneficiary.Non-vested member: Refund of accumulated member contributions without interest payable to beneficiary.Termination Benefits: Vested member: Benefits, otherwise payable upon attainment of early or normal retirement age.Non-vested member: Refund of accumulated contributions without interest.

• If not vested, return of accumulated member contributions, without interest.Pre-Retirement Death Benefits:Vested member: Benefits, otherwise payable at early or normal retirement age, payable to Beneficiary.Non-vested member: Refund of accumulated member contributions without interest payable to beneficiary.Termination Benefits: Vested member: Benefits, otherwise payable upon attainment of early or normal retirement age.Non-vested member: Refund of accumulated contributions without interest.

More Definitions of Vested member

Vested member means an active or inactive member who has at least

Vested member means a member who has become eligible to receive monthly retirement benefits upon the member's retirement as the result of either age or years of service. A member must meet one of the following requirements to be vested:

Vested member or "vested" means a member or the status of a member who has attained the minimum membership service requirements to be eligible for retirement benefits under a retirement system.

Vested member means a member who has become eligible to receive monthly retirement benefits upon the member’s retirement as the result of either completing at least four years of service or of attaining the age of fifty-five while performing membership service.[C35, §6326-f1, f6(8,d); C39, §

Vested member means a member who may withdraw from employment with all participating subdivisions, leave the member’s accumulated contributions on deposit with the retirement system, and, on meeting the age and length-of-service requirements for service retirement, file an application for retirement and begin to receive a service retirement annuity.

Vested member means any MEMBER who was an original MEMBER of the POOL as well as any MEMBER after such MEMBER has completed one full three-year TERM, and “NON-VESTED MEMBER” means any MEMBER who has not completed one full three-year TERM. Prior to this 2019 restatement, such MEMBERS were referred to as FOUNDING and NON-FOUNDING MEMBERS.

Vested member means a member who may withdraw