Benefit Computation. For purposes of this Agreement and the method of computing EIB, PTO, seniority, and other benefit conditions of employment, except as otherwise provided for herein, a “month” shall be defined as one hundred seventy-three and thirty-three one hundredths (173.33) hours of work, and a “year” shall be defined as two thousand eighty (2,080) hours of work. Time worked, which is paid on an overtime basis, shall count as time worked for purposes of computing benefits not to exceed two thousand eighty (2,080) hours within any twelve (12) month period. Regular full-time and part-time nurses who are asked not to report for work as scheduled or are sent home because of low census shall also have their low census day hours count for purposes of computing service increments and accrual of fringe benefits. Nurses shall be eligible to receive accrued benefits on a calendar year basis, but their benefits shall be computed on the basis of two thousand eighty (2,080) paid hours and low census hours per year as defined above. Service increments shall become effective at the beginning of the first payroll period following completion of one (1) year of employment as defined above.
Benefit Computation. A. The monthly pension benefits of Officers who retire due to age and service or on account of service-connected total disability shall be based upon the Officer’s monthly average salary during his/her last thirty-six (36) months of employment (final monthly average salary). The compensation to be used in determining the monthly final average salary shall be the same compensation used by the Social Security Administration in its computation of the Medicare portion of the Social Security tax. Monthly final average salary shall include all payments which a member contributes to a Section 125 plan and/or a 457 plan by payroll deduction.
Benefit Computation. Section 20.0. All hours paid to an employee shall be considered as hours worked for the purpose of computing any of the benefits under this Agreement.
Benefit Computation. Compensatory time off taken by an eligible employee during the employees regularly scheduled working hours shall be considered as time worked in computing benefits for that employee. (In no event may an employee be credited with more than forty hours worked in a work week).
Benefit Computation. An eligible employee, upon early retirement, shall receive as early retirement benefits, a one time amount based upon computations associated with employee’s salary as of September 1,1981, based upon the 1981-1982 Salary Schedule. E. Pro Rata Schedule - Age 60 to 65 Early Retirement An employee eligible for early retirement benefits, as defined and limited in Section B, will receive the following as benefits on September 1, 1982.
