Florida Retirement System. If the Provider is a retiree in the Florida Retirement System (the “FRS”) then Provider, shall be responsible for obtaining any necessary approval in writing from FRS before entering into the Agreement to insure that there will not be an impact in Providers retirement benefit payment. The School Board shall not be liable to the Provider, under any circumstance, for any loss or impact of Provider retirement benefits.
Florida Retirement System. The Superintendent shall participate in the Senior Management Category of the Florida Retirement System subject to the applicable laws and rules relating to the category and program.
Florida Retirement System. XXXXXX shall be eligible to participate in the Florida Retirement System (FRS). BOARD shall contribute to the FRS as required by law including the provisions of Section 121.055, Florida Statutes, which currently provide that Senior Management Service Class is compulsory for all appointed district school superintendents. In the event, that Senior Management Service Class is no longer compulsory for appointed district school superintendents, BOARD agrees to continue to pay into CONNOR retirement for FRS, for the duration of the term of this AGREEMENT, as a Senior Management Service Class employee unless expressly prohibited by law or in the event Senior Management Service Class is no longer recognized as a class of employees by FRS.
Florida Retirement System. The Superintendent shall participate in the Florida Retirement System (FRS). SBBC shall contribute to the FRS as required by Florida Statute.
Florida Retirement System. XXXXXXX shall be eligible to participate in the Florida Retirement System (FRS). BOARD shall contribute to the FRS as required by law including the provisions of Section 121.055, Florida Statutes, which currently provide that Senior Management Service Class is compulsory for all appointed district school superintendents. In the event, that Senior Management Service Class is no longer compulsory for appointed district school superintendents, BOARD agrees to continue to pay into XXXXXXX retirement for FRS, for the duration of the term of this AGREEMENT, as a Senior Management Service Class employee unless expressly prohibited by law or in the event Senior Management Service Class is no longer recognized as a class of employees by FRS.
Florida Retirement System. The Interim Superintendent has retired from the Florida Retirement System (FRS), and is therefore ineligible for enrollment therein under this Agreement.
Florida Retirement System. (FRS) - The definition of normal retirement as defined by FRS applies to employees in both the Pension Plan and the Investment Plan. The definition and requirements will apply for retirement insurance discount eligibility determination.
Florida Retirement System. The Superintendent shall participate in the Florida Retirement System (FRS). SBBC shall contribute to the FRS as required by Florida Statute. In addition, if the Superintendent, on or after attaining the eight years of service with SBBC sufficient to be vested in the FRS pension, elects to join the FRS pension and purchase a benefit equal to the accrued benefit he would have had if he had been in the FRS pension from his date of hire, SBBC will pay for the difference between the amount needed to purchase such benefit and the amount of the Superintendent’s FRS investment benefit applied to such purchase. This amount is not able to be calculated until the Superintendent elects this option. However, it is thought to be negligible at this point given the strength of the market. In addition, if the Superintendent, upon attaining ten years of service with SBBC, applies to purchase up to 4 years of service with FRS pension based on his Chicago public school service, SBBC will pay for the cost of such service purchase. This amount is not able to be calculated until the Superintendent elects this option. However, it is estimated to be approximately $20,000 per year of service.
Florida Retirement System. The Superintendent shall be entitled to participate in the Florida Retirement System at the expense of the School District, and the rate of contribution and, benefit accrual shall be as provided by law for superintendents for the duration of the Superintendent’s performance of any of the duties prescribed in section 3 of this Agreement.
Florida Retirement System. The College shall cover and enroll all bargaining unit faculty in the Florida Retirement System (FRS) and the Teachers’ Retirement System (TRS). The College shall fully fund such participation in accordance with all terms and conditions of FRS and TRS and all other applicable laws, regulations and statutes. Proposal 1 – January 25, 2002 51
