Common use of Benefit Accrual and Amounts Clause in Contracts

Benefit Accrual and Amounts. A. Effective June 30, 1985, employees covered by this Agreement shall commence participation in a supplemental retirement benefit program, jointly funded through County and employee contributions. The rate of accrual and amount of the benefit payable under this program is determined as follows: 1. Benefit accrual is at the rate of four tenths of one percent (0.4%) times the number of years of actual and continuous service the employee has as a full-time Prince George's County Deputy Sheriff, to a maximum of twenty-five (25) years of actual and continuous service, multiplied by the employee's average annual compensation, as determined pursuant to Section 5.05. 2. Pursuant to subparagraph 1, above, the maximum benefit payable to any eligible employee is ten percent (10%) of the employee's average annual compensation, as determined pursuant to Section 7.05.

Benefit Accrual and Amounts. A. 1. Effective June 30July 1, 19851990, employees covered by this Agreement shall commence participation in a supplemental retirement benefit program, jointly funded through County and employee contributions. The rate of accrual and amount of the benefit payable under this program is determined as follows: 1. a. Benefit accrual is at the rate of four six-tenths of one percent (0.40.6%) times the number of years of actual and continuous service the employee has completed as a full-time Prince George▇▇▇▇▇▇'s County Deputy SheriffCorrectional Officer, to a maximum of twenty-five (25) years of actual and continuous service, multiplied by the employee's average annual compensation, as determined pursuant to Section 5.055. 2. b. Pursuant to subparagraph paragraph 1, above, the maximum benefit payable to any eligible employee is ten fifteen percent (1015%) of the employee's average annual compensation, as determined pursuant to Section 7.055.

Benefit Accrual and Amounts. A. 1. Effective June 30July 1, 19851990, employees covered by this Agreement shall commence participation in a supplemental retirement benefit program, jointly funded through County and employee contributions. The rate of accrual and amount of the benefit payable under this program is determined as follows: 1. a. Benefit accrual is at the rate of four six-tenths of one percent (0.40.6%) times the number of years of actual and continuous service the employee has completed as a full-time Prince George's County Deputy SheriffCorrectional Officer, to a maximum of twenty-five (25) years of actual and continuous service, multiplied by the employee's average annual compensation, as determined pursuant to Section 5.055. 2. b. Pursuant to subparagraph paragraph 1, above, the maximum benefit payable to any eligible employee is ten fifteen percent (1015%) of the employee's average annual compensation, as determined pursuant to Section 7.055.

Benefit Accrual and Amounts. A. Effective June 30, 1985, employees covered by this Agreement shall commence participation in a supplemental retirement benefit program, jointly funded through County and employee contributions. The rate of accrual and amount of the benefit payable under this program is determined as follows: 1. Benefit accrual is at the rate of four tenths of one percent (0.4%) times the number of years of actual and continuous service the employee has as a full-time Prince George▇▇▇▇▇▇'s County Deputy Sheriff, to a maximum of twenty-five (25) years of actual and continuous service, multiplied by the employee's average annual compensation, as determined pursuant to Section 5.05. 2. Pursuant to subparagraph 1, above, the maximum benefit payable to any eligible employee is ten percent (10%) of the employee's average annual compensation, as determined pursuant to Section 7.05.