Tier II definition
Tier II means Tier II alternative energy sources as defined in the AEPS Act.
Tier II means a system or plan under this title provided in lieu of a Tier I system or plan for an employee, governor, legislator, or full-time elected official who does not have Tier I service credit in a system or plan under this title:
Tier II. Employees hired after May 1, 1985 will be covered by medical, dental, vision and reduced life insurance plans ($10,000). The District will pay more than the minimum employer contribution that CalPERS requires, if the employees meets the “Rule of 65”. The Rule of 65 requires that an employee’s age plus years of service with the District at the time of retirement total 65 with a minimum age of 50 and minimum of ten years of continuous service. If an employee meets the Rule of 65, the District shall pay the full monthly premium cost of the ▇▇▇▇▇▇ Permanente or Health Net SmartCare plan (the "Core Plans" for active employees) until they and their eligible dependents reach the age of 65. At age 65, the District will pay 50% of the retiree's chosen Core Plan premium, or the minimum employer contribution that CalPERS requires, whichever is greater. The District will also pay 50% of the cost of the retiree’s dental and vision coverage. Eligible employees’ qualified dependents (as defined by the plan provider) who were covered as dependents at the time of retirement also shall be covered by medical, vision and dental plans with the exception that the District will only pay for the full cost of an eligible dependent’s medical, vison and dental plan premiums until the eligible dependent’s 65th birthday. At age 65, the District will pay 50% of a retiree’s eligible dependent’s core medical, vision and dental premiums. Tier III: Employees hired after June 30, 2009 will be covered by medical, dental, and vision plans. The District will pay more than the minimum employer contribution that CalPERS requires toward the cost of the retiree's coverage, if the employee meets the “Rule of 70”. The Rule of 70 requires that an employee’s age plus years of service with the District at the time of retirement total 70 with a minimum age of 55 and minimum of ten years of continuous service. If an employee meets the Rule of 70, the District will pay 50% of the monthly premium cost of the retiree's chosen Core Plan, or the minimum employer contribution that CalPERS requires, whichever is greater and 50% of their vision premium. The District will also pay 50% of the core medical plan premium and vision premium for the retiree's spouse or domestic partner. The District will not pay for any coverage for other dependents of the retiree. The District will pay 100% of the premium cost for dental for the retiree and spouse or domestic partner until they each reach the age of 65. At age 65, the...
Examples of Tier II in a sentence
Any employee occupying a permanent position who promotes, demotes or transfers from a Safety classification to a General/Miscellaneous classification, or vice versa, shall be enrolled in the corresponding retirement tier (e.g., Tier I Safety membership shall end and Tier I General/Miscellaneous membership shall begin; Tier II Safety membership shall end and Tier II General/Miscellaneous membership shall begin).
Tier I Tier II Tier III Tier IV Tier I Tier II Tier IV NOTE: Employees initially enrolled in Tier III General/Miscellaneous who become enrolled in Tier II Safety and subsequently return to a permanent position in a General/Miscellaneous classification shall be re-enrolled into Tier III General/Miscellaneous.
Tier I Tier II Tier III Tier I Tier II NOTE: Employees initially enrolled in Tier III General/Miscellaneous who become enrolled in Tier II Safety and subsequently return to a permanent position in a General/Miscellaneous classification shall be re-enrolled into Tier III General/Miscellaneous.
Employees initially enrolled in Tier III General/Miscellaneous who become enrolled in Tier II Safety and subsequently return to a permanent position in a General/Miscellaneous classification shall be re-enrolled into Tier III General/Miscellaneous.
General Members of SJCERA Tier II participate in the defined benefit formula prescribed by Section 7522.20 of PEPRA (2.0% at age 62).
More Definitions of Tier II
Tier II means a member, or a benefit provision that applies to a member, who first contributed to TRS on or after January 1, 2011 and has no preexisting creditable service with a reciprocal pension system prior to January 1, 2011. “Tier I” means all other members and applicable benefit provisions.
Tier II means a secondary process of permitting which includes:
Tier II means the juvenile’s most serious committing offense fell into the DAI offense category of (i) felony weapons or felony narcotics distribution or (ii) other felony and the felony offense is not punishable for twenty (20) or more years of confinement if the offense were committed by an adult;
Tier II. Reserve Cash: Excess cash that is not required for operating cash and set aside for specific purposes such as the $300 million maturity of the Senior Notes on August 1, 2014.
Tier II means the Escalation point from Tier I Support of unresolved Service Requests as further defined in section 7.
Tier II means that the Total Debt to Capitalization Ratio is less than 0.20 to 1.00 and greater than or equal to 0.15 to 1.00.
Tier II. Employees hired after May 1, 1985 but before April 19, 2003 will be covered by medical, dental, vision and reduced life insurance plans ($10,000). The District will pay more than the minimum employer contribution that CalPERS requires, if the employees meets the “Rule of 65”. The Rule of 65 requires that an employee’s age plus years of service with the District at the time of retirement total 65 with a minimum age of 50 and minimum of ten years of continuous service. If an employee meets the Rule of 65, effective upon the ratification of the MOU and the implementation of CalPERS, the District agrees to pay the full monthly premium cost of the ▇▇▇▇▇▇ Permanente or Health Net SmartCare plan (the "Core Plans" for active employees). Employees hired after April 18, 2003 will be covered by medical, dental, vision and reduced life insurance plans ($10,000). The District will pay more than the minimum employer contribution that CalPERS requires if they have reached a minimum age of 55 and have a minimum of ten (10) years of continuous service. At age 65, the District will pay 50% of the retiree's chosen Core Plan premium, or the minimum employer contribution that CalPERS requires, whichever is greater. The District will also pay 50% of the cost of the retiree’s dental and vision coverage. At age 65, the District will pay 50% of a retiree's eligible dependent's core medical, dental and vision plan premiums. Eligible employees’ qualified dependents (as defined by the plan provider) who were covered as dependents at the time of retirement also shall be covered by medical and dental plans with the exception that the District shall only pay for the full cost of an eligible dependent’s medical and dental plan premiums until the eligible dependent’s 65th birthday. At age 65, the eligible dependent shall pay the District fifty percent (50%) of the cost to the District for the eligible dependent’s medical and dental coverage. Tier III: Employees hired after June 30, 2009 will be covered by medical, dental, and vision plans. The District will pay more than the minimum employer contribution that CalPERS requires toward the cost of the retiree's coverage, if the employee meets the “Rule of 70”. The Rule of 70 requires that an employee’s age plus years of service with the District at the time of retirement total 70 with a minimum age of 55 and minimum of ten years of continuous service. If an employee meets the Rule of 70, the District will pay 50% of the monthly premium cost ...