13th Check Clause Samples

The 13th Check clause establishes an additional, typically annual, payment to employees or pensioners beyond their regular monthly payments. In practice, this clause stipulates that recipients will receive a bonus—often equivalent to one month's salary or pension—at a specified time, such as the end of the year or during a holiday season. Its core function is to provide financial relief or reward, helping to incentivize employees or support retirees with extra funds during periods of increased expenses.
13th Check. For employees who retire on or after April 1, 2000, and after five years of retirement, said retirees will be eligible yearly for a performance bonus of a 13th (additional) check, not to exceed an amount greater than their monthly pension check. If surplus funds are inadequate to provide a full month’s payment, the checks will be prorated based on the retiree’s monthly benefit. The surplus funds, as determined by the Annual Actuarial Valuation attributed to fire members of the Clinton Township Fire and Police Retirement System, will be a maximum of half the excess over the actuarial assumed rate of return. Surplus or deficit funds in any given year shall not affect any valuations in subsequent years. Any distributions shall be made no later than the second month following the publication of the actuarial valuation.
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13th Check. For employees who retire on or after April 1, 2000, after 5 years of retirement said retirees will be eligible for annual 13th check not to exceed the retirant’s normal monthly retirement check. Said check will be distributed if investment funds attributed to the Police members exceed eight (8%) percent. Participants in the DROP and/or defined contribution plan shall be eligible 5 years after termination of employment. Up to 50% of said excess will be used to make such payments. If 50% of the excess is not sufficient to make a payment equal to a monthly check then the amount available will be distributed equally among the eligible retirees. Unused excess will not be carried over from one year to the next.
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13th Check. For Employees who retire on / or after April 1, 2000, and after Five (5) years of retirement, said retirees will be eligible yearly for a performance bonus of a Thirteenth (13th) additional check, not to exceed an amount greater than their monthly pension check. If surplus funds are inadequate to provide a full month's payment, the checks will be prorated based on the retiree's monthly benefit. The surplus funds, as determined by the Annual Actuarial Valuation attributed to fire members of the Clinton Township Fire and Police Retirement System, will be a maximum of One-half (1/2) the excess over the actuarial assumed rate of return. Surplus or deficit funds in any given year shall not affect any valuations in subsequent years. Any distributions shall be made no later than the Second (2nd) month following the publication of the actuarial valuation.
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Related to 13th Check

  • Credit Check You are authorized, in your discretion, should you for any reason deem it necessary for your protection to request and obtain a consumer credit report for the Customer.

  • DUES CHECK-OFF SECTION 1. The County shall deduct regularly monthly F.O.P dues from the pay of each employee covered by the Agreement provided that, at the time of such deduction, there is in the possession of the County a current un-revoked written assignment, executed by the employee, in the form and according to the terms of the authorization form, attached hereto, marked as Appendix "A", and made a part hereof. Such authorization may be revoked by the employee at any time by giving written notice thereof to the County. SECTION 2. Previously signed and un-revoked written authorizations shall continue to be effective as to employees reinstated following layoff, leave of absence, or suspension not exceeding sixty (60) days; previous authorizations of other employees rehired or reinstated shall not be considered to be effective. SECTION 3. Such authorization deductions shall be made from every other payroll period, and will within ten (10) days be remitted to the duly designated F.O.P. official. The F.O.P. shall advise the County in writing of the name of such official. SECTION 4. If an employee has no pay coming for the pay period in question, or if such pay period is the first pay period of a new employee, or if the employee has signed an authorization form during such pay period of the subsequent month, such deductions shall be limited to the amount of the current regular monthly F.O.P. dues, and shall not include dues for the prior months or any portion thereof. SECTION 5. If the County receives an employee revocation of authorization on or before the eighth day of the first payroll period of the calendar month, no deductions will be made from that payroll period or subsequent payroll periods. If such revocation is received after the eighth day of the first payroll period, a deduction will be made from such payroll but shall not be made from subsequent payroll periods. SECTION 6. At the time of the execution of the Agreement, the F.O.P. shall advise the County in writing of the exact amount of regular monthly F.O.P. dues. If subsequently, the F.O.P. requests the County to deduct additional monthly F.O.P. dues, such request shall be effective only upon written assurance by the F.O.P. to the County that amounts are regular monthly F.O.P. dues duly approved in accordance with the F.O.P.'s constitution and bylaws. SECTION 7. The County agrees to provide this service without charge to the F.O.P. SECTION 8. The County shall not be liable for the remittance payment of any sums other than those constituting actual deductions made; and if for any reason it fails to make a deduction for any employee as above provided, it shall make a deduction from the employee's next pay period in which F.O.P. dues are normally deducted after written notification to the County of the error. If the County makes an overpayment to the F.O.P., the County will deduct that amount from the next remittance to the F.O.P. The F.O.P. agrees to indemnify and hold the County harmless against any and all claims, suits, orders or judgments brought or issued against the County as a result of any action taken or not taken by the County under the provisions of this Article.

  • Dues Checkoff ‌ The Employer shall, without charge, deduct Union dues from the salary of each faculty member who authorizes such deductions in writing in accordance with Mont. Code ▇▇▇. § ▇▇-▇▇-▇▇▇. The aggregate deductions shall be remitted together with an itemized statement to the appropriate Union officer. The Employer shall deliver the dues monies to the appropriate officer of the Union. Within 30 days from the effective date of this agreement, the Union shall notify the Employer of the name and mailing address of the appropriate officer who is to receive dues monies.

  • Original Checks ▪ After you receive confirmation that we have received an image, you must securely store the original check for 14 calendar days after transmission to us and make the original check accessible to us at our request. Upon our request from time to time, you agree to deliver to us within 5 calendar days, at your expense, the requested original check in your possession. If you fail to deliver the requested original check to us in a timely manner, such amount will be reversed from your account. Promptly after such period expires, you must destroy the original check by first marking it “VOID” and then destroying it by cross-cut shredding or another commercially acceptable means of destruction. After destruction of an original check, the image will be the sole evidence of the original check.

  • UNION DUES CHECK-OFF On a weekly basis the Employer agrees to deduct uniform dues and initiation fees from the paycheck of those covered employees whose individual written unrevoked authorizations are on file with the Employer and to transmit the amounts so deducted to the Union monthly. Said deduction authorizations shall be in such form as to conform with Section 302(c) of the Labor Management Relations Act of 1947.