PHT Retirement Plan Sample Clauses

PHT Retirement Plan. The parties agree that bargaining unit employees who continue employment under an eligible status with JHS will become members of the PHT Retirement Plan on a prospective basis, pursuant to law and in accordance with all rules, regulations, and procedures pertaining thereto prescribed by the Employer. As a means to encourage Residents to continue employment at JHS following residency (with no gap in service), the Residents will be given the opportunity to receive retroactive service (towards eligibility, vesting and benefit accrual under the PHT Retirement Plan) for their period of Residency with JHS by “buying back” such prior service while a Resident in an amount equal to the 3% employee contributions based on their corresponding pay while a Resident. This “buy-back” opportunity is voluntary and must be executed and paid within the first year of employment following Residency in a manner and over a period of time as determined by the Employer.
Sample 1
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PHT Retirement Plan. The parties agree that bargaining unit employees who continue employ- ment under an eligible status with PHT will become members of the PHT Retirement Plan on a prospective basis, pursuant to law and in accordance with all rules, regulations, and procedures pertaining thereto prescribed by the PHT. As a means to encourage Residents to continue employment at PHT following residency (with no gap in service), the Residents will be giv- en the opportunity to receive retroactive service (towards eligibility, vest- ing and benefit accrual under the PHT Retirement Plan) for their period of Residency with PHT by “buying back” such prior service while a Resident in an amount equal to the 3% employee contributions based on their cor- responding pay while a Resident. This “buy-back” opportunity is voluntary and must be executed and paid within the first year of employment following Residency in a manner and over a period of time as determined by the PHT.
Sample 1

Related to PHT Retirement Plan

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.1.

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

  • Retirement Program Any employee employed prior to October 1, 1977, working at least seventy (70) hours per month shall by law be a member of the Washington Public Employees Retirement system (PERS) Plan One. Any employee working at least seventy (70) hours per month, entering employment on or after October 1, 1977, shall by law be a member of the School Employees Retirement System, Plan Two or Three. The District shall provide each new employee information concerning PERS or SERS membership benefits.

  • Post Retirement Health Care Benefit Employees who separate from State service and who, at the time of separation are insurance eligible and entitled to immediately receive an annuity under a State retirement program, shall be entitled to a contribution of two hundred fifty dollars ($250) to the Minnesota State Retirement System’s (MSRS) Health Care Savings Plan. Employees who have a HCSP waiver on file shall receive a two hundred fifty dollars ($250) cash payment. If the employee separates due to death, the two hundred fifty dollars ($250) is paid in cash, not to the HCSP. An employee who becomes totally and permanently disabled on or after January 1, 2008, who receives a State disability benefit, and is eligible for a deferred annuity under a State retirement program is also eligible for the two hundred fifty dollar ($250) contribution to the MSRS Health Care Savings Plan. Employees are eligible for this benefit only once.

  • Oregon Public Service Retirement Plan Pension Program Members For purposes of this Section 2, “employee” means an employee who is employed by the State on or after August 29, 2003 and who is not eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.

  • Retirement Savings 5.6.1 Principals are eligible to join a KiwiSaver scheme in accordance with the terms of those schemes.

  • Post-Retirement Employment Unit members who retire from the University during the term of this Agreement may propose a post-retirement appointment of up to three years duration. During this post-retirement appointment, the total of retirement benefits and post-retirement salary paid by the University shall not exceed the salary paid at the time of retirement. The annual compensation received from the University for the post-retirement appointment shall not exceed fifty (50) percent of the annual salary at the time of retirement. The duties for a post-retirement appointment shall be defined and agreed to in writing by the bargaining unit member and the Employer/University Administration prior to the bargaining unit member's retirement. Such appointments are at the discretion of the Employer/University Administration and are subject to existing law and all rules and regulations of the State Retirement Board. The decision of the Employer/University Administration not to approve a proposal for a post-retirement appointment shall not be grievable under the Grievance and Arbitration Procedure, Article 7.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

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