Years of service credit means the number of periods, each to consist of 12 full months as determined by the board, whether consecutive or not, during which a public safety service employee was employed by a participating employer, including time the public safety service employee was absent in the service of the United States government on military duty.
Years of service credit means the number of periods, each to consist of 12 full
Years of service credit means the number of periods, each to consist of 12 full 872 months as determined by the board, whether consecutive or not, during which a firefighter
Examples of Years of service credit in a sentence
Years of service credit will be for continuous years of employment with a break of less than one year.
Years of service credit as determined in Section 1.B., below, shall include only the time during which the employee was employed by the State in a position covered by the State Patrol Retirement Fund (M.S. §352B).
Years of service credit will be calculated based on prorated FTEs.
Years of service credit as determined in Section 1.B., below, shall include only the time during which the employee was employed by the State in a position covered by the State Patrol Retirement Fund.
The following formula is used to calculate the cost:Average earnings1 x Years of service credit being pur- chased x Factor 1 = CostEXAMPLE: Will is an active TRS Plan 2 member, age sixty-one, with seventeen years of service credit.
More Definitions of Years of service credit
Years of service credit means the number of periods, each to consist of 12 full months as determined by the board, whether consecutive or not, during which a firefighter service employee was employed by a participating employer or received full-time pay while on sick leave, including any time the firefighter service employee was absent in the service of the United States on military duty.
Years of service credit means the Employee's "years of service" with MGE as defined in the Retirement Plan.
Years of service credit means the number of periods, each to consist of 12 full months as determined by the board, whether consecutive or not, during which a judge was employed by a participating employer.
Years of service credit means the whole number quotient, without rounding for fractional amounts, of a fraction with a numerator equaling the number of whole calendar years the Company has employed the Executive through December 31, 2003, and a denominator of two (2).
Years of service credit means the number of periods, each to consist of 12 full months as determined by the board, whether consecutive or not, during which a public safety service
Years of service credit means: 989 (a) a period consisting of 12 full months as determined by the board; 990 (b) a period determined by the board, whether consecutive or not, during which a
Years of service credit means: 1353 (a) a period, consisting of 12 full months as determined by the board; or 1354 (b) a period determined by the board, whether consecutive or not, during which a 1355 regular full-time employee performed services for a participating employer, including any time 1356 the regular full-time employee was absent on a paid leave of absence granted by a participating 1357 employer or was absent in the service of the United States government on military duty as 1358 provided by this chapter. 1359 Section 16. Section 49-23-201 is amended to read: 1360 49-23-201. System membership -- Eligibility. 1361 (1) Beginning July 1, 2011, a participating employer that employs public safety service 1362 employees or firefighter service employees shall participate in this system. 1363 (2) (a) A public safety service employee or a firefighter service employee initially 1364 entering employment with a participating employer on or after July 1, 2011, who does not have 1365 service credit accrued before July 1, 2011, in a Tier I system or plan administered by the board, 1366 is eligible: 1367 (i) as a member for service credit and defined contributions under the Tier II hybrid 1368 retirement system established by Part 3, Tier II Hybrid Retirement System; or 1369 (ii) as a participant for defined contributions under the Tier II defined contributions 1370 plan established by Part 4, Tier II Defined Contribution Plan. 1371 (b) A public safety service employee or a firefighter service employee initially entering 1372 employment with a participating employer on or after July 1, 2011, shall: 1373 (i) make an election to participate in the system created under this chapter: 1374 (A) as a member for service credit and defined contributions under the Tier II hybrid 1375 retirement system established by Part 3, Tier II Hybrid Retirement System; or 1376 (B) as a participant for defined contributions under the Tier II defined contribution plan 1377 established by Part 4, Tier II Defined Contribution Plan; and 1378 (ii) electronically submit to the office notification of the member's election under