SAFETY PERS BENEFIT Sample Clauses

SAFETY PERS BENEFIT. The employees who are sworn peace officers within the unit shall receive the 2% at 50 Safety PERS plan from the Public Employees Retirement System. The intent of the parties is that this plan will go into effect on July 1, 2002 for any peace officers actively employed by the District on that date. However, it is recognized that the effective date may be different based upon requirements of the Public Employees Retirement System. In exchange for going to the 2% at 50 PERS Plan, the Union agrees that the impacted sworn peace officers will drop out of Social Security. The District’s and the employees’ share of Social Security will then be used to help subsidize the costs of this new program. In addition, the Police Services Officers’ COLA salary increase for the 2001-2002 fiscal year will be reduced by 0.77%. In order for this Safety PERS Plan to go into effect, the peace officers in the unit must vote to go into the plan and must vote to withdraw from Social Security. If at some future date, PERS re-imposes a District contribution on the regular 2% at 55 School Employee Plan, the parties agree to reopen negotiations on the topic of the employees’ cost of this retirement benefit enhancement. In addition, the District will initiate and pay for a PERS actuarial study on the 3% at 50 PERS option in January 2004.
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Related to SAFETY PERS BENEFIT

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  • Program Benefits Under the Probation Status, the Participating Contractor will be eligible for all contractor incentives, its customers will have access to financing offered through the Program, and income- eligible households will be eligible to receive Program incentives.

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  • Retiree Health Benefits 1. There is currently in effect a retiree health benefit program for retired members of LACERS under LAAC Division 4, Chapter 11. All covered employees who are members of LACERS, regardless of retirement tier, shall contribute to LACERS four percent (4%) of their pre-tax compensation earnable toward vested retiree health benefits as provided by this program. The retiree health benefit available under this program is a vested benefit for all covered employees who make this contribution, including employees enrolled in LACERS Tier 3.

  • Survivor Benefits 1. A surviving dependent of a retiree who was eligible to receive a Retiree Medical Grant, as stated above in A through C, and who qualifies for a monthly allowance shall be eligible for fifty (50) percent of the Grant authorized for the retiree.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • SAFETY CONDITIONS OF EMPLOYMENT A. The District and its employees shall be safety conscious in their conduct and actions and shall cooperate in the implementation of the District's safety program.

  • 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:

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  • ELHT Benefits The Parties agree that since all active eligible employees have now transitioned to the OSSTF ELHT all references to existing life, health and dental benefits plans in the applicable local collective agreement for active eligible employees shall be removed from that local agreement. Post Participation Date, the following shall apply:

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