Common use of TERMINAL LEAVE FOR DEFERRED PENSION Clause in Contracts

TERMINAL LEAVE FOR DEFERRED PENSION. Each regular, full-time, permanent Employee in full-pay status whose employment terminates after fifteen (15) years but less than twenty-five (25) years of creditable years of regular, full-time, permanent employment as a “Sworn Uniform Firefighter and/or Fire Officer” is eligible in all respects to a Deferred Pension benefit as defined by the New Jersey Department of Treasury, retires, and is awarded a Deferred Pension, shall be entitled to two (2) days of Terminal Leave for each year of creditable service with the Township’s Department of Fire at the then current hourly rate of pay.

Appears in 2 contracts

Samples: Agreement, Agreement

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TERMINAL LEAVE FOR DEFERRED PENSION. Each regular, full-time, permanent Employee in full-pay status whose employment terminates after fifteen (15) years but less than twenty-five (25) years of creditable years of regular, full-time, permanent employment as a "Sworn Uniform Firefighter and/or Fire Officer" is eligible in all respects to a Deferred Pension benefit as defined by the New Jersey Department of Treasury, retires, and is awarded a Deferred Pension, shall be entitled to two (2) days of Terminal Leave for each year of creditable service with the Township’s 's Department of Fire at the then current hourly rate of pay.

Appears in 1 contract

Samples: www.perc.state.nj.us

TERMINAL LEAVE FOR DEFERRED PENSION. Each regular, full-time, permanent Employee in full-pay status whose employment terminates after fifteen (15) years but less than twenty-five (25) years of creditable years of regular, regular full-time, permanent employment as a “Sworn Sworn” Uniform Firefighter and/or and Fire Officer” Officer is eligible in all respects to a Deferred Pension benefit as defined by the New Jersey Department of Treasury, retires, and is awarded a Deferred Pension, shall be entitled to two (2) days of Terminal Leave for each complete year of creditable service with the Township’s Department of Fire at the then current hourly daily rate of pay.

Appears in 1 contract

Samples: Agreement

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TERMINAL LEAVE FOR DEFERRED PENSION. Each regular, full-time, permanent Employee in full-pay status whose employment terminates after fifteen (15) years but less than twenty-five (25) years of creditable years of regular, regular full-time, permanent employment as a “Sworn "Sworn" Uniform Firefighter and/or and Fire Officer” Officer is eligible in all respects to a Deferred Pension benefit as defined by the New Jersey Department of Treasury, retires, and is awarded a Deferred Pension, shall be entitled to two (2) days of Terminal Leave for each complete year of creditable service with the Township’s 's Department of Fire at the then current hourly daily rate of pay.

Appears in 1 contract

Samples: www.perc.state.nj.us

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