Tier IV Clause Samples
Tier IV. Tier IV is a sanctioned activity, initiated by the advisor and principal, without compensation to the advisor. Tier IV advisors do not fulfill obligations outlined under Tier I, II, and III requirements.
Tier IV. All Miscellaneous employees represented by the Association who work three-quarters time or more and are hired after January 1, 2013 are required to participate in Marin County Employee Retirement Association Tier IV. The Retirement Tier IV formula shall be 2% at 61 ¼ as stated in Cal. Gov. Code 31676.
1. In Tier IV, the minimum age of eligibility is 55, the maximum COLA is 2% and there is a three year Final Average Salary (FAS).
Tier IV. In the event that the Actual Project Cost exceeds the combined TIER I, II and III budget of $31,853,500, UTA agrees to provide TIER IV funding as follows: Local Contribution Federal Match (approximate) Total Funding UTA As necessary to Up to $3,726,500 $5,326,500, fund the Actual Project Cost, up maximum to $1,600,000 Total (together with TIER I, II and III funding) $11,180,000, maximum $26,000,000, maximum $37,180,000, maximum