TIER 2 member means a member who is first hired on or afier July 1, 2013 and a member who refunded his or her employee contributions on or before June 30, 2013 and returned to work for a PERA affiliate on or afier July 1, 2013.
TIER 2 member means a member who is first hired on or afier July 1, 2013 and a member who refunded his or her employee contributions on or before June 30, 2013 and returned to work for a PERA affiliate on or afier July 1, 2013.Appendix - Other Types of Service Credit Description of the additional types of service credit available for purchase. Cooperative Work Study Programs If you were appointed to participate in a cooperative work study training program established jointly by a state agency and a state post-secondary educational institution, you may purchase credited service for up to 5 years of participation.The cost of cooperative work study service credit is the full actuarial present value of the amount of the increase in the employee’s pension as a consequence of the purchase as determined by PERA. This is the sameemployer, or you were employed by an entity created by a joint powers agreement between two or more affiliated public employers for the purpose of administering or providing drug or alcohol addiction treatment services whether or not the drug or alcohol addiction treatment center is subsequently taken over by a PERA-affiliated public employer, you may purchase service credit for theperiod of employment subject to the following conditions: • You pay PERA the employer and employee contributions based on your current retirement plan;• You must be vested with PERA before you can purchase this time; and• The aggregate amount of credited service purchased does not exceed five years. Civilian Prisoner of Warformula used to determine the cost of “air time” service credit, see page 18 for additional information.• You must submit a copy of your school transcripts during the school phase.• You must submit certification from the school, stating the start and end dates for each semester of your school phase.• You must submit personnel action forms for the work phases of the employment.• You must be vested with PERA before you can purchase this time. Employed By Utility Company, Library, Museum, Transit Company or by a Nonprofit OrganizationIf you were a civilian prisoner of war captured while in the service to the United States as an employee of the federal government or as a contractor with the federal government, you may purchase service credit for the period of internment as a civilian prisoner of war. The cost formula is the same as the cost to purchase military service credit. In order to purchase this time a member must:• Provide proof of employment with the f...
TIER 2 member means any operator of a tier 2 facility, as defined in K.S.A. 66-1802 and amendments thereto, that elects to be a tier 2 member of the notification center.
Examples of TIER 2 member in a sentence
Example: for a TIER 2 member who begins PERA membership at age 27 becomes eligiblt to retire afier 29 years of continuous service credit under State General Member Coverage Plan 3 with a final average monthly salary of $3,500.
More Definitions of TIER 2 member
TIER 2 member means a member of the System with a date of membership on or after July 1, 1973, but before July 27, 1976, whose benefits are determined pursuant to the provisions of Article 11 of the Education Law subject to the provisions of Article 11 of the Retirement and Social Security Law.
TIER 2 member means any operator of a tier 2 facility, as defined in K.S.A. 66-1802
TIER 2 member means a member who is first hired on or after July 1, 2013 and a member who refunded his or her em- ployee contributions on or before June 30, 2013 and returned to work for a PERA affiliate on or after July 1, 2013.
TIER 2 member means any Member who is not a Tier 1 Member.
TIER 2 member means any member hired into a position of employment with the City on or after between July 1, 2013 and December 31, 2015 who is not a Tier 1 Member. Additionally, if a member is hired into a position of employment with the City on or after January 1, 2016, but was previously employed with the City prior to January 1, 2016, and the member is not eligible to be a Tier 1 Member or Tier 2 Member under the terms of the preceding sentence, the member shall be a Tier 2 Member only if the member did not withdraw his or her accumulated contributions from the Retirement Plan as provided for in Section 26 prior to his or her most recent date of hire with the City.
TIER 2 member means a Full Member.