Glossary entry

English term or phrase:

service credit

Polish translation:

zaliczenie do czasu pracy

Added to glossary by Frank Szmulowicz, Ph. D.
Sep 23, 2022 02:42
1 yr ago
12 viewers *
English term

service credit

English to Polish Law/Patents Law (general)
The Board of Trustees of the [związek zawodowy] District Council Pension Fund recently announced an increase in the accrual rate for each service credit earned by an active member/participant. If a participant works for at least 150 continuous hours during calendar year 2022 or later and retires after January 1, 2022, the monthly benefit accrual rate for each service credit is increased to $3.95.
Change log

Mar 20, 2023 00:54: Frank Szmulowicz, Ph. D. Created KOG entry

Proposed translations

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zaliczenie do czasu pracy

Service credit in the Traditional Pension Plan
and Combined Plan or contributing months for
Member-Directed Plan participants represents
the period of time you are employed by a public
employer and making contributions to OPERS.

You earn contributing service credit when your
contributions are remitted to OPERS by your
employer and posted to your OPERS account. If
contributions are not remitted during a pay period
on your behalf, then no service credit is earned
for that reporting period. Service credit is accrued
based on the month in which your pay period
ends.


https://www.opers.org/pubs-archive/leaflets/ISL-F-Service-Cr...
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4 KudoZ points awarded for this answer. Comment: "Thank you, gentlemen. Both suggestions are similar, but Frank's was posted first. "
10 hrs

okres zaliczony/zaliczany do stażu pracy

okres zaliczony/zaliczany do stażu pracy

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