Examples of Tier III Employees in a sentence
New employees hired on or after January 1, 2013 who have not previously been enrolled in another PERS (or reciprocal) agency will be placed in Tier III (Tier III Employees).
Tier III Employees hired on or after January 1, 2013, as is mandated by the Public Employee’s Pension Reform Act of 2013 (PEPRA), all new miscellaneous members, will have a retirement formula based on 2.0% @ 62 Plan Full Formula for Miscellaneous Members and upon retirement an employee’s “final compensation” will be based on the highest consecutive 36 month average.
Tier III Employees under Sections 508 and 606 of New York State Retirement Laws.
Tier III Employees hired on or after January 1, 2013, as is mandated by the Public Employee’s Pension Reform Act of 2013 (PEPRA), all new miscellaneous members, will have a retirement formula based on 2.0% @ 62 Plan Full Formula for Miscellaneous Members and upon retirement an employee’s “final compensation” will be based on the highest consecutive 36-month average.
Tier III Employees hired on or after January 1, 2013, as is mandated by the Public Employee’s Pension Reform Act of 2013 (PEPRA), all new miscellaneous members, will have a retirement formula based on 2.0% @ 62 Plan Full Formula for Miscellaneous Members and upon retirement an employee’s “final compensation” will be based on the highest consecutive average.
Tier III Employees” shall mean the employees determined by the Committee in its sole discretion from time to time to be Tier III Employees and identified as such in the records of the Plan maintained by the Company at any time during the term of the Plan.3. Benefits.
Tier III Employees hired on or after January 1, 2013, as is mandated by Assembly Bill 340A (pension reform) all new miscellaneous members, will have a retirement formula based on 2% @ 62 Plan Full Formula for Miscellaneous Members and upon retirement an employee’s “final compensation” will be based on a final three (3) year average.
Tier I Employees under Section 60 of New York State Retirement Laws.5. Tier II Employees under Section 448 of New York State Retirement Laws.6. Tier III Employees under Sections 508 and 606 of New York State Retirement Laws.7. Tier IV Employees under Section 6060 of New York State Retirement Laws.8. Tier V Employees under Article 22 of New York State Retirement Laws.9. Tier VI Employees under Chapter 18 of New York State Retirement Laws.
Tier III Employees hired after June 30, 2009 shall be covered by medical and dental plans when they retire from District employment provided that they meet the “Rule of 70.” Under the “Rule of 70,” an employee’s age plus years of service with the District at the time of retirement must total 70, with a minimum requirement that the employee must be at least age 55 and have at least ten (10) years of continuous service with the District at the time of retirement.
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