Tier I. Classic Safety Members hired prior to July 1, 2011 will have a retirement formula that is based on 3.0% @ 50 Plan Full Formula for Safety Members and upon retirement an employee’s “final compensation” will be based on the “highest one (1) year” salary. For Tier I above, the City shall pay up to one hundred percent (100%) of each employee’s required retirement contributions pursuant to the retirement plan maintained by the City through PERS. Said payments shall not exceed nine percent (9%) of the employee’s “PERSable” compensation. These payments are not salary increases but are the City’s payment of employees’ retirement contribution in accordance with Section 414(h)(2) of the Internal Revenue Code.
Tier I. An employee covered by this Agreement who retires after the age of 55 and who has 15 or more consecutive years of paid service in the District immediately prior to the date of retirement shall receive the health and welfare benefit contributions (except life insurance) for the applicable level of single, two-party, or family coverage until the retiree reaches age 70 or until the retiree becomes eligible for other health and welfare benefits (e.g., Medicare Parts A and B), whichever occurs first. For the purpose of calculating "consecutive years of paid service," District-approved paid leaves of absence shall not be considered as a break in service.
Tier I. Part-time employees in the bargaining unit will receive pay for the number of hours they would normally be scheduled to work on the day the holiday is observed.
Tier I. At the Tier I Closing, Buyer shall pay to the ------ Xxxxxxxx Payee in cash by wire transfer of immediately available funds $6,000,000 (the "Tier I Payment").
Tier I. Should the Client retain Service Provider for Remote Monitoring Services, the following shall apply: Managed Services Provided Description Frequency Patch Management Monthly Managed Anti-Malware/Anti-Virus Ongoing Proactive Maintenance Ongoing Automated Remediation Ongoing On-Demand and Scheduled Tasks Ongoing Proactive Remote Access Remediation and Diagnostics Ongoing Background Service Ongoing Software Inventory Ongoing
Tier I. For all Employees who are party to this Agreement and who were accepted into the New York State Retirement System, on or before June 30, 1973, the Employer shall continue support for the non-contributory retirement plan, now known as “Tier 1” retirement program. This benefit was established and became effective under the 1971-1972 labor agreement. An eligible Employee shall receive this retirement benefit at no cost.
Tier I. An integrated computer system, first shipped before July 1, 2000, shall consume no more than 45 xxxxx in the sleep mode. Integrated computer systems that always maintain a level of power consumption less than or equal to 45 xxxxx comply with the power consumption requirements of this agreement and are not required to incorporate the sleep mode described in Section II.
Tier I. The Tier I Per Performance Contract shall be used in theatres seating 300 or more; more than 75 miles round-trip travel per day is involved; and Actors do not return to their places of residence each day.
Tier I. On the Tier I Closing (as defined in Section 3.1 ------ below), Buyer shall pay to Seller in cash by certified check or by wire transfer $1,375,000.
Tier I. SLC and SSL shall provide TIER I local funding in equal amounts as follows: Local Contribution Federal Match (approximate) Total SLC $1,700,000 $3,952,500 $5,652,500 SSL $1,700,000 $3,952,500 $5,652,500 TIER I Total $3,400,000 $7,905,000 $11,305,000 While the Actual Project Cost is not known at this time, it is expected to exceed the TIER I budget of $11,305,000.
