BENCOR. (a) Effective June 30, 2016 and thereafter, employees who have a minimum of ten (10) consecutive years of District service just before they are to receive terminal pay benefits and who are retiring/leaving the employment of the District or who are entering into DROP shall have such terminal pay benefits provided to them through the BENCOR National Government Employees Retirement Plan as adopted by the School Board in 1999. (b) Employees who are eligible to receive terminal pay benefits and who are retiring/leaving the employment of the District prior to June 30, 2016, shall not be covered under the BENCOR Plan. (c) The Department of Compensation and Employee Information Services will provide affected employees with information on eligibility, how the process works and its benefit to employees in this bargaining unit.
Appears in 7 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
BENCOR. (a) Effective June 30, 2016 and thereafter, employees who have a minimum of ten (10) consecutive years of District service just before they are to receive terminal pay benefits and who are retiring/leaving the employment of the District or who are entering into DROP shall have such terminal pay benefits provided to them through the BENCOR National Government Employees Retirement Plan as adopted by the School Board in 1999.
(b) Employees who are eligible to receive terminal pay benefits and who are retiring/leaving the employment of the District prior to June 30, 2016, shall not be covered under the BENCOR Plan.
(c) The Department of Compensation and Employee Information Services will provide affected employees with information on eligibility, how the process works and its benefit to employees in this bargaining unit.. β
Appears in 1 contract
Samples: Collective Bargaining Agreement
