RETIREMENT SYSTEM REVIEW definition

RETIREMENT SYSTEM REVIEW. A Labor Management Retirement Review Committee may convene or re-convene to review various retirement formulae, options and alternatives, including the exploration of fiscally responsible retirement funding policy changes to reduce costs. Representatives from all recognized employee organizations may participate in such meetings reviewing the retirement program. As one such employee organization, VCPPOA will be allowed to fully participate in such a committee. Sec. 406 Effective September 28, 2014, in conjunction with and in furtherance of the changes noted in Section 402, the base hourly rate or salary range of each classification covered by this Agreement, and the base hourly rate or salary of each employee therein, shall be increased by:
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RETIREMENT SYSTEM REVIEW. A Labor Management Retirement Review Committee may convene or re-convene to review various retirement formulae, options and alternatives, including the exploration of fiscally responsible retirement funding policy changes to reduce costs. Representatives from all recognized employee organizations may participate in such meetings reviewing the retirement program. As one such employee organization, VCPPOA will be allowed to fully participate in such a committee.
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RETIREMENT SYSTEM REVIEW. The parties recognize that there presently exists a Labor Management Retirement Review Committee that may continue to meet to review various retirement formulae, options and alternatives, including the exploration of fiscally responsible retirement funding policy changes to reduce costs. Representatives from all recognized employee organizations may participate in such meetings reviewing the retirement program. As one such employee organization, VCPPOA will be allowed to fully participate in such a committee. Sec. 408 Effective on or before January 1, 2011, the County shall, in accordance with Internal Revenue Code Section 414(h)(2), declare that it has agreed to “pick-up” the value of the employee paid retirement contributions so that the taxable income of the employees shall be reduced by the amount of the retirement contributions they will be paying. If the County has been unable to accomplish this decision by January 1, 2011, the employee obligations to pay member contributions as provided in Section 402 shall be rescinded retroactive to the implementation date, where appropriate, and shall not be reinstated unless and until the declaration has been accomplished. For purposes of this section only, said retroactive rescission shall result in a return to the status quo existent prior to commencement of this Agreement and, for reference purposes, a copy of the previous Section 402 is attached hereto as an exhibit.‌‌‌‌‌ ARTICLE 5 COMPENSATION PLAN‌ Sec. 501 PROBATION UNIT RANGE & PAY ADJUSTMENTS: Effective with commencement of the first pay period following adoption of this Agreement by the Board of Supervisors, each classification in the Probation Unit shall have the top and bottom points of its hourly wage/pay range decreased by sixty-three one-hundredths of a percent (.63%). Individuals employed in said classifications on that date shall have their hourly wage rate decreased by the same amount. For purposes of clarification, following are what will then be the base hourly wage/pay ranges for classifications within this unit: Classification Hourly Range Corrections Services Officer I $16.439999 - $24.737448 Corrections Services Officer II $20.824780 - $26.546308 Corrections Services Officer III $23.348770 - $30.480019 Deputy Probation Officer $20.900243 - $31.455797‌ Senior Deputy Probation Officer $26.653931 - $34.847561 Sec. 502 PATROL UNIT WAGE/PAY RANGES: The wage/pay ranges for this unit neither increase nor decrease for the duration of this Agreeme...
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More Definitions of RETIREMENT SYSTEM REVIEW

RETIREMENT SYSTEM REVIEW. A Labor Management Retirement Review Committee may convene or re-convene to review various retirement formulae, options and alternatives, including the exploration of fiscally responsible retirement funding policy changes to reduce costs. Representatives from all recognized employee organizations may participate in such meetings reviewing the retirement program. As one such employee organization, VCPPOA will be allowed to fully participate in such a committee. Sec. 407 In accordance with Internal Revenue Code Section 414(h)(2), the County previously declared that it agreed to “pick-up” the value of the employee paid retirement contributions so that the taxable income of the employees shall be reduced by the amount of the retirement contributions they will be paying. Effective July 6, 2014, or four (4) pay-periods after commencement of this Agreement, whichever is later, and in conjunction with the one-time “offsetting” described in Section 408 below, the foregoing shall become inoperative. Sec. 408 Effective July 6, 2014, or four (4) pay-periods after commencement of this Agreement, whichever is later, the base hourly rate or salary range of each classification covered by this Agreement, and the base hourly rate or salary of each employee therein, shall be increased by:
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RETIREMENT SYSTEM REVIEW. The parties agree that the joint County/SEIU Labor Management Retirement Review Committee shall continue to meet to review various retirement formulae, options and alternatives, including the exploration of fiscally responsible retirement funding policy changes to reduce costs. Upon mutual agreement, representatives from all recognized employee organizations may participate in future meetings to review the retirement program. Local 721 will fully participate in such a committee. Sec. 407 TIER II RETIREMENT COST-OF-LIVING ADJUSTMENT (COLA) Effective March 16, 2003, employees in the Ventura County Retirement Plan’s Tier II shall be granted a two percent (2%) COLA to be applied to future service only. Effective March 13, 2005, Tier II employees will pay 2.63% toward the normal cost of the COLA. The County agrees if Tier II employees represented by other labor unions or covered by the Management Resolution are granted the Tier II COLA, those employees will be treated in the same manner as SEIU Tier II employees, i.e., they will pay for the ongoing normal cost at the same rate as SEIU employees.‌‌‌
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RETIREMENT SYSTEM REVIEW. The parties agree that during the terms of this Agreement if there is a Labor Management Committee created that includes representatives from all recognized employee organizations, VCSCOA will fully participate in such a committee. Sec. 407 MANNER OF TAXATION: Effective on or before January 9, 2011, the County shall, in accordance with Internal Revenue Code Section 414(h)(2), declare that it has agreed to “pick-up” the value of the employee paid retirement contributions so that the taxable income of the employees shall be reduced by the amount of the retirement contributions they will be paying.
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Related to RETIREMENT SYSTEM REVIEW

  • Retirement system means a retirement plan or system that is established by or pursuant to title 38.

  • Settlement System Code means the specifications, standards, methods, calculations and conventions established under the AUC Settlement System Code Rule 021, as amended or replaced from time to time;

  • Utilization review plan or "plan" means a written procedure for performing review.

  • Database Management System (DBMS) A system of manual procedures and computer programs used to create, store and update the data required to provide Selective Routing and/or Automatic Location Identification for 911 systems. Day: A calendar day unless otherwise specified. Dedicated Transport: UNE transmission path between one of CenturyLink’s Wire Centers or switches and another of CenturyLink’s Wire Centers or switches within the same LATA and State that are dedicated to a particular customer or carrier. Default: A Party’s violation of any material term or condition of the Agreement, or refusal or failure in any material respect to properly perform its obligations under this Agreement, including the failure to make any undisputed payment when due. A Party shall also be deemed in Default upon such Party’s insolvency or the initiation of bankruptcy or receivership proceedings by or against the Party or the failure to obtain or maintain any certification(s) or authorization(s) from the Commission which are necessary or appropriate for a Party to exchange traffic or order any service, facility or arrangement under this Agreement, or notice from the Party that it has ceased doing business in this State or receipt of publicly available information that signifies the Party is no longer doing business in this State.

  • Training program means an NCA-approved Iowa college, the Iowa law enforcement academy or an Iowa hospital approved by the department to conduct emergency medical care training.

  • Public employees retirement system means the retirement plan and program

  • Managed care plan means a health benefit plan that either requires a covered person to use, or creates incentives, including financial incentives, for a covered person to use health care providers managed, owned, under contract with or employed by the health carrier.

  • Electronic Subcontracting Reporting System (eSRS) means the Governmentwide, electronic, web-based system for small business subcontracting program reporting. The eSRS is located at http://www.esrs.gov.

  • payment system means a funds transfer system with formal and standardised arrangements and common rules for the processing, clearing and/or settlement of payment transactions;

  • Diagnostic clinical procedures manual means a collection of written procedures that describes each method (and other instructions and precautions) by which the licensee performs diagnostic clinical procedures; where each diagnostic clinical procedure has been approved by the authorized user and includes the radiopharmaceutical, dosage, and route of administration.

  • Safety Management System means a systematic approach to managing safety, including the necessary organizational structures, accountabilities, policies and procedures;

  • Clinical review criteria means the written screening procedures, decision abstracts, clinical protocols, and practice guidelines used by a health carrier to determine the necessity and appropriateness of health care services.

  • Dependent care assistance program means a benefit plan

  • Basic health plan model plan means a health plan as required in RCW 70.47.060(2)(e).

  • aerodrome control service means air traffic control service for aerodrome traffic;

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • Earned value management system means an earned value management system that complies with the earned value management system guidelines in the ANSI/EIA-748.

  • air traffic control service means a service provided for the purpose of:

  • Prescription monitoring program means the electronic system within the Department of Health Professions that monitors the dispensing of certain controlled substances.

  • Independent educational evaluation means an evaluation conducted by a qualified examiner who is not employed by the public agency responsible for the education of the child in question.

  • Non-Participating Certified Clinical Nurse Specialist means a Certified Clinical Nurse Specialist who does not have a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Approved abuse education training program means a training program using a curriculum approved by the abuse education review panel of the department of public health or a training program offered by a hospital, a professional organization for physicians, or the department of human services, the department of education, an area education agency, a school district, the Iowa law enforcement academy, an Iowa college or university, or a similar state agency.

  • Quality Management System means a set of interrelated or interacting elements that organisations use to direct and control how quality policies are implemented and quality objectives are achieved;

  • Valuation manual means the manual of valuation instructions adopted by the NAIC as specified in this section or as subsequently amended.

  • Training Plan means the plan that outlines what training and assessment will be conducted off-the-job and what will be conducted on-the-job and how the Registered Training Organisation will assist in ensuring the integrity of both aspects of the training and assessment process.

  • Open enrollment means a period of time as defined in rule