Pension Service definition

Pension Service means the time, in

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Pension Service means the time, in years, and prorated for fractional years, that a member has contributed to the fund under the terms of the combined pension plan or any plan within the pension system, reduced to reflect refunds that have been received and not fully repaid.

Pension Service means the service used to calculate the Participant’s monthly retirement benefit under Excess B, or if such Plan is inapplicable, the service used to calculate such benefit under Plan I.

Examples of Pension Service in a sentence

• However, effective June 1, 1996, an employee on layoff will continue to accrue service credit for pension purposes and will not get less than: 5 to 10 years of seniority = 6 months 10 to 15 years of seniority = 12 months 15 + years of seniority = 18 months Pension service will not be lost if a worker is rehired within 36 months of termination, or in the case of layoffs, is rehired within 36 months or half of accumulated seniority, whichever is the greater.

• In addition, upon such termination, the Buy-Out Restricted Stock Awards shall fully vest and all restrictions thereon shall lapse, and the Executive shall be entitled to the Supplemental Pension benefit accrued through the date of termination as provided in Section 6(b), above (including additional credit for Supplemental Pension service as provided therein).

• Family Caregiver Critically Ill Childcare Organ Donor Family Medical Compassionate Care Pension service credits shall continue to accumulate.

• Pension service will continue to accrue through to the end of the salary continuation period for those that elect to receive their severance in such form.

• Pension service credit will be awarded subject to carrier’s rules.

• However, effective June an employee on layoff continue to accrue service credit for pension purposes and will not get less than: 5 to years of seniority to years of seniority + years of seniority Broken Service: = 6 months = months months Pension service will not be lost if a worker is rehired within months of termination, or in the case of layoffs, is rehired within months or half of accumulated seniority, whichever is the greater.

• Pension service includes 15 service from K-12, Joint Vocational, or Intermediate Districts.

• However, effective June 1, 1996, an employee on layoff will continue to accrue service credit for pension purposes and will not get less than: 5 to 10 years of seniority = 6 months 10 to 15 years of seniority = 12 months 15 + years of seniority = 18 months Broken Service: Pension service will not be lost if a worker is rehired within 36 months of termination, or in the case of layoffs, is rehired within 36 months or half of accumulated seniority, whichever is the greater.

• The TILLIT Pension service is provided by us to “retail clients”.

• Any days lost due to any “Work Share Agreements” will be counted as days worked for the purpose of calculating Pension service credit and applied to the 1800 hour minimum.

More Definitions of Pension Service

Pension Service means the service used to calculate the Participant’s monthly retirement benefit under Plan I.

Pension Service means the service used to calculate the Participant’s monthly retirement benefit under the Other Plan or Plans.

Pension Service means the service used to calculate

Pension Service means the time, in years, and prorated for fractional years, for which a Member has made all required contributions under the terms of the Combined Pension Plan or any other plan within the Pension System, reduced to reflect any refunds that have been received under the terms of either the Combined Pension Plan or this Plan and not fully repaid under the terms of the applicable plan.

Pension Service means the service used to calculate the Participant’s monthly retirement benefit under Plan A. No Pension Service was earned or accrued after March 31, 2018 under the Predecessor Plan except as provided in the limited circumstances described under Section 2.10 of the Predecessor Plan. No Pension Service shall be earned or accrued under the Excess Plan except as provided in the limited circumstances described under Section 2.10 herein.