Membership date definition
Examples of Membership date in a sentence
Benefit Plan #1 Eligibility: Membership date prior to October 1, 1987, five (5) years of credited County service and continuity of coverage.
Membership date on or after January 1, 2008, 5 years of credited County service and 5 years of continuity of coverage in the plan at the time of retirement: Level of Benefit: Medical and dental premiums are subject to years of credited County service (exclusive of Golden Handshakes and Public Service Buybacks) with an allocation factor of $150 per year to a maximum of 20 years of service ($3000) annually.
For all members in the New York State Teachers’ Retirement System (“TRS”) with a Membership date before June 17, 19711, the Employer shall first make an Employer Non-elective Contribution up to the Contribution Limit of the Internal Revenue Code and then pay any excess amount as compensation directly to the Employee.
Membership date on or after January 1, 2008, five (5) years credited County service and five (5) years of continuity of coverage in the plan at the time of retirement.