Examples of RIO in a sentence
This will be a set amount, for example, if the support staff employee had final earnings in 2016-2017 of $40,000 the RIO amount in 2017-2018 would be $2,400 no matter what the employee actually earned in 2017-2018.
However, to avoid any unintended reduction in the severance bonus in section 18.1 above, this RIO amount will be paid to the support staff employee on their final paycheck of the year.
It is further clarified that any signed agreement from the IPTV Operator shall not be legally binding if it is received after a new version of RIO/ Interconnection Agreement is uploaded by ZEEL on its website.
The RIO is only available to those teachers who will either be sixty (60) years old in the year of retirement or have at least thirty-five (35) years of creditable service at the time of retirement, so as to be entitled to retire without payment of an early retirement penalty by the Board.
For example, a support staff employee who had $40,000 IMRF final earnings in 2016-2017 would receive an RIO amount of $2,400 on their final paycheck of 2017-2018 as long as their earnings with the RIO amount for 2017-2018 did not exceed $42,400.