Tier B shall consist of the following benefits: Formula 2.6% @62 (Gov. Code § 31676.12) Final Average Compensation Highest 3 year Average Minimum Retirement Age 55 COLA Maximum 2% Except as otherwise provided by State law, any eligible employee who becomes a New Member, as defined by Government Code section 7522.04, on or after January 1, 2013 shall be placed in Tier C. Tier C shall consist of the following benefits: Formula 2.5 % @67 (Gov. Code § 7522.20) Final Average Compensation Highest 3 year Average Minimum Retirement Age 55 COLA Maximum 2%
Tier B shall consist of the following benefits: Formula 2.6% @62 (Gov. Code § 31676.12) Final Average Compensation Highest 3 year Average Minimum Retirement Age 55 COLA Maximum 2% Except as allowed for by State Law, retirement benefits for employees hired on or after December 01, 2012, shall be for “Tier C” eligible employees. Formula 2.5% @67 (Gov. Code § 7522.20) Final Average Compensation Highest 3 year Average Minimum Retirement Age Age 52 COLA Maximum 2% Retirement benefits for employees hired on or after a date determined by the Board of Supervisors, but no sooner than July 1, 2018, shall be those established for a new “Tier D” program for eligible employees.
Tier B means PAs for WOCs (including as may be amended) $350,000 and above
Examples of Tier B in a sentence
The County shall provide an insurance contribution, henceforth known as Tier B, for employees starting employment with the County on or after January 1, 2007, and employees who were in Tier A and have voluntarily elected to participate in Tier B.
Such election by an employee to move to Tier B shall be irrevocable once made.
Employees in Tier A shall remain in this tier unless they voluntarily elect to move to Tier B.
Where the number of employees on a job site is not divisible by 3, the first additional employee (above the number of employees divisible by three) shall be a Tier B Interior Demolition Worker, and the second additional employee shall be a Tier A Interior Demolition Worker.
On a case-by-case basis, the Department may use this permit to regulate municipalities assigned to Tier B under N.J.A.C. 7:14A-25.3(a).
More Definitions of Tier B
Tier B shall consist of the following benefits: Formula 2.6% @62 (Gov. Code § 31676.12) Final Average Compensation Highest 3 year Average Minimum Retirement Age 55 COLA Maximum 2% Except as allowed for by State Law, retirement benefits for employees hired on or after December 01, 2012, shall be for “Tier C” eligible employees. Formula 2.5% @67 (Gov. Code § 7522.20) Final Average Compensation Highest 3 year Average Minimum Retirement Age 55 COLA Maximum 2% The employer and employee contribution rates are subject to annual San Diego County Employees Retirement Association actuarial reviews and establishment of rates.
Tier B shall consist of the following benefits: Formula 2.6% @62 (Gov. Code § 31676.12) Final Average Compensation Highest 3 year Average Minimum Retirement Age 55 COLA Maximum 2% The employer and employee contribution rates are subject to annual San Diego County Employees Retirement Association actuarial reviews and establishment of rates. Except as allowed for by State Law, retirement benefits for employees hired on or after December 01, 2012, shall be for “Tier C” eligible employees. Formula 2.5 % @67 (Gov. Code § 7522.20) Final Average Compensation Highest 3 year Average Minimum Retirement Age 52 COLA Maximum 2% Retirement benefits for employees hired on or after a date determined by the Board of Supervisors, but no sooner than July 1, 2018, shall be those established for a new “Tier D” program for eligible employees.
Tier B means PAs for WOCs (including as may be amended) $750,000 and above
Tier B shall consist of the following benefits: Formula 2.6% @62 (Gov. Code § 31676.12) Final Average Compensation Highest 3 year Average Minimum Retirement Age 55 COLA Maximum 2% *Per MOA extension June 19, 2009 through June 16, 2011 (ctrl + click to follow link) The employer and employee contribution rates are subject to annual San Diego County Employees Retirement Association actuarial reviews and establishment of rates.
Tier B shall consist of the following benefits: Formula 2.6% @62 (Gov. Code § 31676.12) Final Average Compensation Highest 3 year Average Minimum Retirement Age 55 COLA Maximum 2% Except as otherwise provided by State law, any eligible employee who becomes a New Member, as defined by Government Code section 7522.04, on or after January 1, 2013 shall be placed in Tier C. Tier C shall consist of the following benefits: Formula 2.5 % @67 (Gov. Code § 7522.20) Final Average Compensation Highest 3 year Average Minimum Retirement Age 52 COLA Maximum 2% Retirement benefits for employees hired on or after a date determined by the Board of Supervisors, but no sooner than July 1, 2018, shall be those established for a new “Tier D” program for eligible employees.
Tier B. Employees Hired on or after August 1, 2008 Employees hired on or after August 1, 2008, who retire from the City after five (5) or more consecutive years of service with the City, will be eligible for health care benefits upon retirement. Upon retirement, this becomes a vested right for each retiree and the City will continue to pay the health insurance premiums for such retirees and their dependents until death, based on the following vesting formula adopted by Resolution Number 08-4723: Years of CalPERS Service Credit Percentage of Employer Contribution 10 or less 50% 11 55% 12 60% 13 65% 14 70% 15 75% 16 80% 17 85% 18 90% 19 95% 20 or more 100%
Tier B means gaming operations with annual gross gaming revenues of more than $8,000,000.00 (million), but not more than$15,000,000.00 (million).