Pension service definition

Pension service means the time, in
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Pension service means the time, in years, and prorated for fractional years, that a member has contributed to the fund under the terms of the combined pension plan or any plan within the pension system, reduced to reflect refunds that have been received and not fully repaid.
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Pension service means the service used to calculate the Participant’s monthly retirement benefit under Plan I.
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Examples of Pension service in a sentence

  • Pension service credit will be earned for the highest paid position only.

  • However, effective June 1, 1996, an employee on layoff will continue to accrue service credit for pension purposes and will not get less than: 5 to 10 years of seniority = 6 months 10 to 15 years of seniority = 12 months 15 + years of seniority = 18 months Broken Service: Pension service will not be lost if a worker is rehired within 36 months of termination, or in the case of layoffs, is rehired within 36 months or half of accumulated seniority, whichever is the greater.

  • Do notsend it to HSC Pension service unless there is a note in the space below telling you to do so.

  • Please send it back to the HSC employer (or to HSC Pension service if told to do so) with any children’s birth and medical certificates asked for.

  • Elected members will be aware that Harrow Pension service has already developed and applied such timescales in relation to Admission Agreements.

  • HSC Pension service are unable to pay benefits without confirmation that you have verified all relevant dates as set out below.

  • Pension service providers must be approved by the relevant regulatory body that oversees their respective financial sector and the MOLSS19.

  • Pension service credit time towards eligibility will accrue on a calendar basis, provided the part-time employee has worked a minimum of one thousand hours per year.

  • It should be noted that the basis of the decision in Carraher is far from clear, as the case was concerned as much with the question of intoxication as with psychopathic personality.

  • Pension service costs represent the present value of projected retirement benefits earned by retired employees in the current period.


More Definitions of Pension service

Pension service means the service used to calculate the Participant’s monthly retirement benefit under the Other Plan or Plans.
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Pension service means the service used to calculate the Participant’s monthly retirement benefit under Excess B, or if such Plan is inapplicable, the service used to calculate such benefit under Plan I.
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Pension service means the time, in years, and prorated for fractional years, for which a Member has made all required contributions under the terms of the Combined Pension Plan or any other plan within the Pension System, reduced to reflect any refunds that have been received under the terms of either the Combined Pension Plan or this Plan and not fully repaid under the terms of the applicable plan.
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Pension service means the service used to calculate
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Pension service means the service used to calculate the Participant’s monthly retirement benefit under Plan A. No Pension Service was earned or accrued after March 31, 2018 under the Predecessor Plan except as provided in the limited circumstances described under Section 2.10 of the Predecessor Plan. No Pension Service shall be earned or accrued under the Excess Plan except as provided in the limited circumstances described under Section 2.10 herein.
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Related to Pension service

  • Generation Service means the sale of electricity, including ancillary services such as the provision of reserves, to a Customer by a Competitive Supplier.

  • Distribution Service means the delivery of electricity to Customers by the Distribution Company.

  • pensionable service means service which may be taken into account in computing pension under these Regulations;

  • Eligibility Service of an employee means the period or periods of service credited to him under the provisions of Article II for purposes of determining his eligibility to participate in the Plan as may be required under Article III or Article VI.

  • Basic generation service or "BGS" means electric generation

  • Pension Credit ; means the means-tested Guarantee or Savings Credit administered by the Department for Work and Pensions under the State Pension Credit Regulations 2002;

  • Pension program means the defined benefit pension program of the Oregon Public Service

  • Service Credit means the periods of time for which the required contributions have been made to

  • Credited Service means the member's total period of service

  • In-service means an educational program, which is designed to increase the knowledge, skills, and overall effectiveness of personnel.

  • Qualifying Service means one year or more of continuous service and residence away from the home country and the country of nationality of a staff member, or the country where the staff member has acquired permanent resident status.

  • Education service provider means an education management organization, school

  • payment initiation service means a service to initiate a payment order at the request of the payment service user with respect to a payment account held at another payment service provider;

  • Basic Service means any service tier that includes the retransmission of local television broadcast Signals and any equipment or installation used in connection with Basic Service.

  • Testing service means a national testing service selected by the board.

  • 911 Service means a universal telephone number which gives the public direct access to the Public Safety Answering Point (“PSAP”). Basic 911 service collects 911 calls from one or more local exchange switches that serve a geographic area. The calls are then sent to the correct authority designated to receive such calls.

  • Standard Service means Facilities which meet good economic electric industry practice including safety, reliability and operating criteria and standards consistent with the particular characteristics of service as determined by FortisAlberta acting reasonably;

  • Toll Free Service means service provided with any dialing sequence that invokes Toll Free, i.e., 800-like, service processing. Toll Free Service currently includes calls to the Toll Free Service 800/888/877/866 NPA SAC codes. “Toll VoIP-PSTN Traffic” is VoIP-PSTN Traffic that physically originates and terminates in different Local Calling Areas as determined by the Commission.

  • air service means a flight or a series of flights carrying passengers, cargo and/or mail for remuneration and/or hire;

  • flight information service means a service provided for the purpose of giving advice and information useful for the safe and efficient conduct of flights;

  • related service means the services incidental to the supply of the Goods, such as transportation, insurance, installation, training and initial maintenance and other such obligations of the Supplier under the Contract.

  • Transportation Service means a service for moving people and goods, such as intercity bus service and passenger rail service.

  • Active Service means a Covered Person is either 1) actively at work performing all regular duties at his or her employer’s place of business or someplace the employer requires him or her to be; 2) employed, but on a scheduled holiday, vacation day, or period of approved paid leave of absence; or 3) if not employed, able to engage in substantially all of the usual activities of a person in good health of like age and sex and not confined in a Hospital or rehabilitation or rest facility.

  • Police Service ’ means the South African Police Service established in terms of section 5(1) of the South African Police Service Act;