TIER 1 member definition

TIER 1 member means a current, active member employed by a PERA affiliate on June 30, 2013, an inactive member with employee contributionson account on June 30, 2013 (i.e. terminated employment, but did not refund), and a retired member on June 30, 2013.
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TIER 1 member means any operator of a tier 1 facility, as defined in K.S.A. 66-1802 and amendments thereto, or any operator of a tier 2 facility, as defined in K.S.A. 66-1802 and amendments thereto, that elects to be a tier 1 member of the notification center pursuant to K.A.R. 82-14-3.
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TIER 1 member means a current, active member employed by a PERA affiliate on June 30, 2013, an inactive member with employee contributions
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Examples of TIER 1 member in a sentence

  • If you worked for the same employer under the same plan, the pension factor is the factor of that plan.For example, as a TIER 1 member you worked under State General Member Plan 3 (3 percent pension factor) and later worked for an employer covered by Municipal Gen- eral Member Plan 4 (3 percent pension factor), all of your service credit would be calculated at 3 percent.

  • Normal-Age Retirement AnnuityAs a TIER 1 member, you will have your monthly annuity calculated using the average of your highest three annual salaries (based on creditable compensation) and according to the standard annuity benefit formula in effect when you retire.

  • This section also describes the standard annuity calculation for a TIER 1 member, using the final average salary that applies to TIER 1.

  • Finally, it provides an overview of the early-age reductions to the standard annuity that may apply to a TIER 1 member, depending on age and years of service credit at retirement.

  • As a TIER 1 member, you should select the “Retirement Estimateto www.trs.state.tx.us and click on “Calculators” under “Resources” on the TRSRetirement annuity calculators are available on the TRS website to assist you.

  • Years of Service Credit x Pension Factor(s) x Final Average Salary = Base Monthly BenefitExample: for a TIER 1 member retiring with 25 years of service credit under State General Member Coverage Plan 3 with a final average monthly salary of $3,500.

  • This section describes the age and service requirements that a TIER 1 member must meet to be eligible for normal-age or early-age service retirement, as well as for the Partial Lump Sum Option (PLSO).


More Definitions of TIER 1 member

TIER 1 member means a Full Sustaining Member.
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TIER 1 member means a member of the System with a date of membership prior to July 1, 1973, whose benefits are determined pursuant to the provisions of Article 11 of the Education Law.
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TIER 1 member means an individual or entity in possession of a Tier 1 Membership. “MLS” means Major League Soccer.
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TIER 1 member means: (A) any member hired into a position of employment with the City before July 1, 2013; and (B) any member hired into a position of employment with the City on or after between July 1, 2013 and December 31, 2016 who prior to July 1, 2011 participated in the Arizona State Retirement System established pursuant to Title 38, Chapter 5, Articles 1, 2 and 2.1 of the Arizona Revised Statutes ("ASRS"), and is either an active member or an inactive member of the ASRS as defined by Title 38, Chapter 5, Article 2, Section 38-711 of the Arizona Revised Statutes at the time of hire by the City. Additionally, if a member is hired into a position of employment with the City on or after July 1, 2013, but was previously employed with the City prior to July 1, 2013, and the member is not eligible to be a Tier 1 Member under the terms of the preceding sentence, the member shall be a Tier 1 Member only if the member did not withdraw his or her accumulated contributions from the retirement plan as provided for in Section 26 prior to his or her most recent date of hire with the City.
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TIER 1 member means any operator of a tier 1 facility, as defined
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TIER 1 member means any operator of a tier 1 facility, as defined in K.S.A. 66-1802 and amend- ments thereto, or any operator of a tier 2 facility, as defined in K.S.A. 66-1802 and amendments there- to, that elects to be a tier 1 member of the notifica- tion center pursuant to K.A.R. 82-14-3.
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Related to TIER 1 member

  • Staff member means a staff member as defined in section 1(1) of the Public Service Act, 1995 (Act No. 13 of 1995);

  • Individual Member means a registered, financial Member of the Club who is at least 18 years of age.

  • Designated member means the spouse, child, grandchild, parent, brother, or sister of a deceased individual who owned an interest in a wholesaler, who is entitled to inherit the deceased individual's ownership interest in the wholesaler under the terms of the deceased individual's will, or who has otherwise been designated in writing by the deceased individual to succeed the deceased individual in the wholesaler's business, or is entitled to inherit such ownership interest under the laws of intestate succession of this state. With respect to an incapacitated individual owning an ownership interest in a wholesaler, the term means the person appointed by a court as the conservator of such individual's property. The term also includes the appointed and qualified personal representative and the testamentary trustee of a deceased individual owning an ownership interest in a wholesaler.

  • Full Member means any person who is in one of the categories of membership referred to in Rule 10.3.

  • Deferred member means a person who elected to receive deferred vested retirement

  • Eligible Member means an employee who is enrolled in one of the designated benefits plans for which you offer participation in the wellness incentive program prior to the end of the first six months of the policy year and who remains enrolled in one of the designated benefits plans at the end of the policy year. Eligible Member also means the employee’s dependents to the extent that dependents are eligible to participate in the Blue Cross and Blue Shield wellness incentive program.) To qualify for a group wellness incentive award, you must meet the following program participation conditions: • You are a group eligible to offer the program as determined by Blue Cross and Blue Shield; and • You elect to offer the Blue Cross and Blue Shield wellness incentive program to your Members who are eligible to participate in the program at the start of your policy year and you continue the program for eligible Members through the end of the policy year; and • At least 20% of your Members who are eligible for the program must participate in the program during the policy year in which you offer the wellness incentive program; and • This Agreement is not be terminated before the end of the policy year in which you offer the wellness incentive program. When you offer a Blue Cross and Blue Shield wellness incentive program, Blue Cross and Blue Shield will determine if you qualify for a group incentive award within 90 days after the end of the policy year. Your group wellness incentive award will be calculated as a percentage of the total medical insurance premium you paid for the policy year for benefits plans for which you offer wellness incentive program participation, excluding any premium payments that are received by Blue Cross and Blue Shield after the end of the policy year. The percentage used to calculate your wellness incentive award will vary depending on how many of your eligible Members participate in the program during the policy year as follows: 1.25% when 20% to 49% of eligible Members participate; or 2.5% when 50% to 79% of eligible Members participate; or 7.5% when 80% to 100% of eligible Members participate. For the purpose of calculating your group wellness incentive award, an eligible Member who earns his or her individual maximum member wellness incentive payment in the policy year is considered to have participated in the program for that policy year. If you qualify for a group incentive award, Blue Cross and Blue Shield will issue the incentive amount to you (by means of a credit and/or a check) once the incentive amount has been calculated. You are solely responsible for determining whether you have any obligation to distribute all or part of your group wellness incentive award to your employees, or to credit a portion of your group wellness incentive award toward their benefits, or otherwise to notify them of your group wellness incentive award. You agree to indemnify and hold Blue Cross and Blue Shield harmless from any and all actions that may be brought against you or Blue Cross and Blue Shield due to your failure to provide any required distribution of, credit, or notification about, your group wellness incentive award to your employees.

  • crew member means a person assigned by an operator to duty on an aircraft during a flight duty period;

  • Initial Member has the meaning set forth in the introductory paragraph.

  • Active member means a member of the pension program or the individual account program

  • General Member means a member subject to the provisions of

  • Life Member means an Individual appointed as a Life Member of the Club under clause 5.2.

  • Tribal Member means an enrolled member of the Tribe.

  • Service member means a member of the armed forces, a reserve branch of the armed forces, or the Michigan national guard.

  • Class B Members means any Persons to whom Class B Membership Units are issued, and any assignee or transferee of such Persons permitted under the terms of this Agreement, and any other Person admitted to the Company in the future as a Class B Member pursuant to the terms hereof. The names of the Class B Members, and the Percentage Interests allocated to each such Class B Member, shall be reflected in the books and records of the Company.

  • Co-opted Member means a person who is not a member of the authority but who-

  • Unit Holder means the owner of one or more Units.

  • Covered service member means a member of the Armed Forces, including a member of the National Guard or Reserves, who is undergoing medical treatment, recuperation, or therapy, is otherwise in outpatient status, or is otherwise on the temporary disability retired list, for a serious injury or illness.