Common use of Alternate Plan Clause in Contracts

Alternate Plan. For eligible employees the Alternate Plan provides a retirement benefit as follows: For credited service prior to August (if an employee transferred their credits in accordancewith the reciprocal agreement), multiplied by the Member's Best Average Earnings (as defined in Clause of Section (definitions) of the employee pension plan text) multiplied by the Member's credited Service up to and including July less, multiplied by the Member's Average Monthly Maximum Pensionable Earnings multiplied by the Member's Credited Service on and after January up to and including July For credited service on or after August multiplied by the Member's Best Average Earnings (as defined in Clause of Section (definitions) of the employee pension plan text) multiplied by the Member's Credited Service on and after August less, multiplied by the Member's Average Monthly Maximum Pensionable Earnings multiplied by the Credited Service on and after August For eligible employees the Standard Plan provides a retirement benefit as follows: for credited service prior to August (if an employee transferred their credits in accordance with the reciprocal agreement).

Alternate Plan. For eligible employees the Alternate Plan provides a retirement benefit as follows: For credited service prior to August (if an employee transferred their credits in accordancewith accordance with the reciprocal agreement), ) multiplied by the Member's ’s Best Average Earnings (as defined in Clause of Section (definitions) of the employee pension plan text) multiplied by the Member's ’s credited Service up to and including July less, multiplied by the Member's ’s Average Monthly Maximum Pensionable Earnings multiplied by the Member's ’s Credited Service on and after January up to and including July For credited service on or after August multiplied by the Member's ’s Best Average Earnings (as defined in Clause of Section (definitions) of the employee pension plan text) multiplied by the Member's ’s Credited Service on and after August less, multiplied by the Member's ’s Average Monthly Maximum Pensionable Earnings multiplied by the Member’s Credited Service on and after August Standard Plan For eligible employees the Standard Plan provides a retirement benefit as follows: for credited service prior to August (if an employee transferred their credits in accordance with the reciprocal agreement).