Third Tier Formula Sample Clauses

Third Tier Formula. All employees hired by the City on or after January 1, 2013, who are considered “new members” as that term is defined by the Public Employee Pension Reform Act of 2013 (PEPRA), Government Code §7522 et. seq. shall be subject to a retirement benefit pursuant to the 2.7% at age 57 retirement formula. These employees shall pay to CalPERS by payroll deduction an amount dictated by CalPERS as fifty percent (50%) of normal cost of the 2.7% at age 57 benefit. No portion of this contribution shall be paid by the City.
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Related to Third Tier Formula

  • Preceptor Differential The Hospital shall pay a differential of $1.50 per hour to a nurse who is designated by nursing management to serve as a preceptor to provide on-the-job training to newly hired nurses. One differential will be paid per shift per orientee to the primary preceptor for all hours served as the primary preceptor for that shift. Preceptor will only be paid while the newly hired nurse is in a one-to-one status. Preceptor is a voluntary assignment and the nurse has the option to refuse the preceptor assignment.

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  • Venue Limitation for TIPS Sales Vendor agrees that if any "Venue" provision is included in any TIPS Sale Agreement/contract between Vendor and a TIPS Member, that clause must provide that the "Venue" for any litigation or alternative dispute resolution shall be in the state and county where the TIPS Member operates unless the TIPS Member expressly agrees otherwise. Any TIPS Sale Supplemental Agreement containing a “Venue” clause that conflicts with these terms is rendered void and unenforceable.

  • Interconnection Product Options Interconnection Customer has selected the following (checked) type of Interconnection Service:

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  • DISTRIBUTION OF CONTRACTOR PRICE LIST AND CONTRACT APPENDICES Contractor shall provide Authorized Users with electronic copies of the Contract, including price lists and Appendices, upon request. OGS CENTRALIZED CONTRACT MODIFICATIONS Contract Updates will be handled as provided in Appendix C – Contract Modification Procedures.

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