Common use of Defined Benefit Clause in Contracts

Defined Benefit. Full-time employees (either represented by or to be represented by the bargaining unit), as of July 1, 1997, shall be eligible for the Municipal Employees' Retirement System (MERS) Benefit Program B-4, FAC-3, V10; F-25 or 60/10. 1. The contribution co-pay of 3% of employees’ gross wages shall be effective for all employees. 2. Employees may retire with 25 years of service regardless of age under the Municipal

Appears in 2 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement

Defined Benefit. Full-time employees (either represented by or to be represented by the bargaining unit), as of July 1, 1997, shall be eligible for the Municipal Employees' Retirement System (MERS) Benefit Program B-4, FAC-3FAC- 3, V10; F-25 or 60/10. 1. The contribution co-pay of 3% of employees’ gross wages shall be effective for all employees. 2. Employees may retire with 25 years of service regardless of age under the MunicipalMunicipal Employees’ Retirement System (MERS) Benefit F-25

Appears in 1 contract

Sources: Collective Bargaining Agreement