Tier I. Classic Safety Members hired prior to July 1, 2011 will have a retirement formula that is based on 3.0% @ 50 Plan Full Formula for Safety Members and upon retirement an employee’s “final compensation” will be based on the “highest one (1) year” salary. For Tier I above, the City shall pay up to one hundred percent (100%) of each employee’s required retirement contributions pursuant to the retirement plan maintained by the City through PERS. Said payments shall not exceed nine percent (9%) of the employee’s “PERSable” compensation. These payments are not salary increases but are the City’s payment of employees’ retirement contribution in accordance with Section 414(h)(2) of the Internal Revenue Code.
Tier I. An employee covered by this Agreement who retires after the age of 55 and who has 15 or more consecutive years of paid service in the District immediately prior to the date of retirement shall receive the health and welfare benefit contributions (except life insurance) for the applicable level of single, two-party, or family coverage until the retiree reaches age 70 or until the retiree becomes eligible for other health and welfare benefits (e.g., Medicare Parts A and B), whichever occurs first. For the purpose of calculating "consecutive years of paid service," District-approved paid leaves of absence shall not be considered as a break in service.
Tier I. Part-time employees in the bargaining unit will receive pay for the number of hours they would normally be scheduled to work on the day the holiday is observed.
Tier I. At the Tier I Closing, Buyer shall pay to the ------ Xxxxxxxx Payee in cash by wire transfer of immediately available funds $6,000,000 (the "Tier I Payment").
Tier I. For all Employees who are party to this Agreement and who were accepted into the New York State Retirement System, on or before June 30, 1973, the Employer shall continue support for the non-contributory retirement plan, now known as “Tier 1” retirement program. This benefit was established and became effective under the 1971-1972 labor agreement. An eligible Employee shall receive this retirement benefit at no cost.
Tier I. Unit members hired prior to July 1, 2011, shall be eligible for the 3% @ 50 retirement formula for Local Safety members. The City pays 9% on behalf of the employee share and the unit member pays 9% toward the CalPERS “employer” share, on a “cost sharing” basis, at the same percentage and at the same starting date as the City’s contributions “toward the employee share.” The employee contribution is “compensation earnable” as defined in Government Code section 20636. The City shall continue the highest level of the 1959 survivor benefit.
Tier I. The Tier I Per Performance Contract shall be used in theatres seating 300 or more; more than 75 miles round-trip travel per day is involved; and Actors do not return to their places of residence each day.
Tier I. Beginning Teacher and Experienced Teacher New to the District - The purpose of the Tier I Cycle is to assist beginning teachers and teachers new to the district in becoming contributing members of the Bettendorf Community School District staff. Focused upon the first two to three years of employment, it shall include the following components: Instructional/Induction Coaching Classroom observations Portfolio development Evidence of meeting the Iowa Teaching Standards and Criteria for purposes of licensure. The first three (3) years of a newly licensed teacher’s contract shall be a probationary period. Veteran teachers new to the District will be considered probationary, for purposes of evaluation, for at least the first year in the District providing they have completed a three-year probationary period in another Iowa school district. The following process will be utilized: Tier I teachers shall be formally evaluated during both the first and second semesters. The 1st sequence shall occur no later than the end of the first semester and a minimum of one observation sequence shall occur during the second semester. These evaluations shall include pre-observation conferences, classroom observations, and post-observation conferences that include discussion of the Iowa Teaching Standards and Criteria and a written summary that will be provided to the teacher. This process will occur within a reasonable time. The teacher shall complete pre-conference and post-conference forms. The evaluator shall document the classroom observations and the conferences. Both the teacher and evaluator shall receive copies of the forms. By the end of the first semester, following the first formal observation, the evaluator shall begin to complete the Comprehensive Evaluation Summative Form by addressing criteria observed (1) during the observation(s), (2) in written materials (artifacts) developed by the teacher, and (3) in the conferences. By the end of January, the evaluator and teacher shall meet to identify the teacher’s current status in meeting the eight Iowa Teaching Standards and to discuss the resources and information that could be used in future activities relating to the comprehensive evaluation. In the second year, if the teacher meets all eight of the Iowa Teaching Standards, the evaluator shall indicate so on the Comprehensive Evaluation Summative Form and provide the Tier I teacher with a signed copy. In the second year, if the Tier I teacher has n...
Tier I. SLC and SSL shall provide TIER I local funding in equal amounts as follows: Local Contribution Federal Match (approximate) Total SLC $1,700,000 $3,952,500 $5,652,500 SSL $1,700,000 $3,952,500 $5,652,500 TIER I Total $3,400,000 $7,905,000 $11,305,000 While the Actual Project Cost is not known at this time, it is expected to exceed the TIER I budget of $11,305,000.
Tier I. On the Tier I Closing (as defined in Section 3.1 ------ below), Buyer shall pay to Seller in cash by certified check or by wire transfer $1,375,000.
