Common use of Retirement Plan Clause in Contracts

Retirement Plan. The purpose of this Article is to designate the retirement benefits that will be made available under the Monroe County Employee’s Retirement System Ordinance (“Retirement System”). Notwithstanding anything to the contrary herein, a member’s accrued benefit earned as of December 31, 2013 (i.e. a frozen accrued benefit that is calculated based on final average compensation, years of credited service, the applicable multiplier and other relevant provisions in effect as of December, 2013), is not intended to be diminished or impaired by the changes set forth below. The changes set forth below shall apply with respect to accrued benefits earned under this Article and the Retirement System on or after January 1, 2014. Subject to the terms and conditions set forth in the Retirement System and hereinunder, employees shall be eligible for normal retirement with pension amounts as follows:

Appears in 11 contracts

Samples: Agreement, Agreement, Agreement

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Retirement Plan. The purpose of this Article policy is to designate the retirement benefits that will be made available under the Monroe County Employee’s Retirement System Ordinance (“Retirement System”). Notwithstanding anything to the contrary herein, a member’s accrued benefit earned as of December 31April 2, 2013 2012 (i.e. a frozen accrued benefit that is calculated based on final average compensation, years of credited service, the applicable multiplier and other relevant provisions in effect as of DecemberApril 2, 20132012), is not intended to be diminished or impaired by the changes set forth below. The changes set forth below shall apply with respect to accrued benefits earned under this Article and the Retirement System on or after January 1April 3, 20142012. Subject to the terms and conditions set forth in the Retirement System and hereinunder, employees shall be eligible for normal retirement with pension amounts as follows:

Appears in 3 contracts

Samples: Agreement, Agreement, Agreement

Retirement Plan. The purpose of this Article is to designate the retirement benefits that will be made available under the Monroe County Employee’s Retirement System Ordinance (“Retirement System”). Notwithstanding anything to the contrary herein, a member’s accrued benefit earned as of December 31, 2013 2012 (i.e. a frozen accrued benefit that is calculated based on final average compensation, years of credited service, the applicable multiplier and other relevant provisions in effect as of December, 20132012), is not intended to be diminished or impaired by the changes set forth below. The changes set forth below shall apply with respect to accrued benefits earned under this Article and the Retirement System on or after January 1, 20142013. Subject to the terms and conditions set forth in the Retirement System and hereinunder, employees shall be eligible for normal retirement with pension amounts as follows:

Appears in 2 contracts

Samples: Agreement, Agreement

Retirement Plan. The purpose of this Article is to designate the retirement benefits that will be made available under the Monroe County Employee’s Retirement System Ordinance (“Retirement System”). Notwithstanding anything to the contrary herein, a member’s accrued benefit earned as of December 31, 2013 (i.e. a frozen accrued benefit that is calculated based on final average compensation, years of credited service, the applicable multiplier and other relevant provisions in effect as of Decemberprior to December 31, 2013), 2013 is not intended to be diminished or impaired by the changes set forth below. The changes set forth below shall apply with respect to accrued benefits earned under this Article and the Retirement System on or after January 1, 2014. Subject to the terms and conditions set forth in the Retirement System and hereinunder, full- time employees shall be eligible for normal retirement with pension amounts as follows:

Appears in 1 contract

Samples: Agreement

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Retirement Plan. The purpose of this Article is to designate the retirement benefits that will be made available under the Monroe County Employee’s Retirement System Ordinance (“Retirement System”). Notwithstanding anything to the contrary herein, a member’s accrued benefit earned as of December 31, 2013 2012 (i.e. a frozen accrued benefit that is calculated based on final average compensation, years of credited service, the applicable multiplier and other relevant provisions in effect as of Decemberprior to December 31, 2013), 2012 is not intended to be diminished or impaired by the changes set forth below. The changes set forth below shall apply with respect to accrued benefits earned under this Article and the Retirement System on or after January 1, 20142013. Subject to the terms and conditions set forth in the Retirement System and hereinunder, full-time employees shall be eligible for normal retirement with pension amounts as follows:

Appears in 1 contract

Samples: Agreement

Retirement Plan. The purpose of this Article is to designate the retirement benefits that will be made available under the Monroe County Employee’s Retirement System Ordinance (“Retirement System”). Notwithstanding anything to the contrary herein, a member’s accrued benefit earned as of December 31, 2013 2012 (i.e. a frozen accrued benefit that is calculated based on final average compensation, years of credited service, the applicable multiplier and other relevant provisions in effect as of December, 20132012), is not intended to be diminished or impaired by the changes set forth below. The changes set forth below shall apply with respect to accrued benefits earned under this Article and the Retirement System on or after January 1, 2014(Insert date of ratification). Subject to the terms and conditions set forth in the Retirement System and hereinunder, full-time employees shall be eligible for normal retirement with pension amounts as follows:

Appears in 1 contract

Samples: Agreement

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