Benefits for Retired Faculty Sample Clauses

Benefits for Retired Faculty. ‌ Faculty retired from the University of West Florida will be eligible, upon request, and on the same basis as other Faculty, subject to University policies, to receive the following benefits from the University of West Florida: (1) Retired Faculty identification card; (2) Use of the University library (i.e., public rooms, lending and research service); (3) Listing in the University directory; (4) Placement on designated University mailing lists; (5) A University parking decal as provided to Faculty currently active; (6) Use of University recreational facilities (retired Faculty may be charged fees different from those of other Faculty for the use of such facilities); (7) The right to enroll in courses without payment of fees, on a space available basis, in accordance with the provisions of Florida Statutes; (8) A mailbox in the Department/Unit from which the Faculty Member retired, subject to space availability; and (9) A University e-mail address. In accordance with University policy, and on a space-available basis, the University is encouraged to grant a retired Faculty Member’s request for office or laboratory space. With the exception of retirees who participate in the Optional Retirement Program (ORP) and for whom provisions have been made, as stipulated in Section 26.5(a)(5) (Optional Retirement Program (ORP)) of this Agreement, retired Faculty of any State-administered retirement system are entitled to health insurance subsidy payments in accordance with State law.
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Benefits for Retired Faculty. (a) Faculty retired from the University of West Florida will be eligible, upon request, and on the same basis as other faculty, subject to University policies, to receive the following benefits from the University of West Florida: (I) Retired faculty identification card;
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Benefits for Retired Faculty. Retired faculty will use the financial benefits of their participation in the College's TIAA plan in addition to Social Security benefits and other financial investments and savings. The College also offers the College’s health insurance as a supplement to Medicare. Eligibility requirements for this plan are 10 years of service at half time or better. The College pays 50 percent of the premium for the faculty member. The spouse of the retired faculty member may participate in the plan at the full Medicare supplement rate. Dependents of retired faculty may enroll in courses offered under the regular undergraduate program at Bard and Simon’s Rock, excluding off-campus programs, without payment of tuition. Retired faculty members have access to all Bard facilities, including computer facilities and e-mail, and are welcome at all events. Academic facilities may be used by arrangement. Bard College mailboxes are also available. The retired faculty member should maintain a valid Bard I.D. card. Discount programs such as heating fuel are available through the Physical Plant office. This program can be used only for one's primary residence. Rental and other properties are excluded. Information concerning the use of the Bard College Cemetery, an organization legally distinct from the College, can be obtained by contacting the Director of Buildings and Grounds.
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Related to Benefits for Retired Faculty

  • Retired Employees An employee who retires from University service, at age 55 with five (5) years of service, age 50 with fifteen (15) years of service or at any age with thirty (30) years of service, who is eligible to maintain participation in the UPlan, may indefinitely maintain medical and dental coverage with the University at his/her own expense. Medicare coverage is primary for retirees over 65, and for totally disabled employees who qualify for Medicare, and must coordinate with the UPlan Retiree Medical plan options. If retired or totally disabled employees elect not to continue coverage in the UPlan at the time they leave employment, they may not elect to do so at a later date. (see also Section 5E.)

  • Probation for Newly Hired Employees (a) The Employer may reject a probationary employee for just cause. A rejection during probation shall not be considered a dismissal for the purpose of Article 11.2

  • Supplemental Executive Retirement Plan The Executive shall participate in the Company's Unfunded Pension Plan for Selected Executives (the "SERP").

  • Pre-Retirement Death Benefit (a) Normal form of payment. If (i) the Director dies while employed by the Bank, and (ii) the Director has not made a Timely Election to receive a lump sum benefit, this Subsection 4.1(a) shall be controlling with respect to pre-retirement death benefits. The balance of the Director=s Retirement Income Trust Fund, measured as of the later of (i) the Director=s death, or (ii) the date any final lump sum Contribution is made pursuant to Subsection 2.1(b), shall be annuitized (using the Interest Factor) into monthly installments and shall be payable for the Payout Period. Such benefits shall commence within thirty (30) days of the date the Administrator receives notice of the Director=s death. Should Retirement Income Trust Fund assets actually earn a rate of return, following the date such balance is annuitized, which is less than the rate of return used to annuitize the Retirement Income Trust Fund, no additional contributions to the Retirement Income Trust Fund shall be required by the Bank in order to fund the final benefit payment(s) and make up for any shortage attributable to the less-than-expected rate of return. Should Retirement Income Trust Fund assets actually earn a rate of return, following the date such balance is annuitized, which is greater than the rate of return used to annuitize the Retirement Income Trust Fund, the final benefit payment to the Director=s Beneficiary shall distribute the excess amounts attributable to the greater-than-expected rate of return. The Director=s Beneficiary may request to receive the unpaid balance of the Director=s Retirement Income Trust Fund in a lump sum payment. If a lump sum payment is requested by the Beneficiary, payment of the balance of the Retirement Income Trust Fund in such lump sum form shall be made only if the Director=s Beneficiary notifies both the Administrator and trustee in writing of such election within ninety (90) days of the Director=s death. Such lump sum payment shall be made within thirty (30) days of such notice. The Director=s Accrued Benefit Account (if applicable), measured as of the later of (i) the Director's death or (ii) the date any final lump sum Phantom Contribution is recorded in the Accrued Benefit Account pursuant to Subsection 2.1(c), shall be annuitized (using the Interest Factor) into monthly installments and shall be payable to the Director's Beneficiary for the Payout Period. Such benefit payments shall commence within thirty (30) days of the date the Administrator receives notice of the Director=s death, or if later, within thirty (30) days after any final lump sum Phantom Contribution is recorded in the Accrued Benefit Account in accordance with Subsection 2.1(c).

  • Supplemental Retirement Benefits The terms and conditions for the payment of supplemental retirement benefits are set forth in a separate written agreement between the parties.

  • Public Employees Retirement System “PERS”) Members.

  • Transition to Retirement 24.1 An Employee may advise their Employer in writing of their intention to retire within the next five years and participate in a retirement transition arrangement. 24.2 Transition to retirement arrangements may be proposed and, where agreed, implemented as: (a) a flexible working arrangement (see clause 16 (Flexible Working Arrangements)); (b) in writing between the parties; or (c) any combination of the above. 24.3 A transition to retirement arrangement may include but is not limited to: (a) a reduction in their EFT; (b) a job share arrangement; or (c) working in a position at a lower classification or rate of pay. 24.4 The Employer will consider, and not unreasonably refuse, a request by an Employee who wishes to transition to retirement: (a) to use accrued Long Service Leave (LSL) or Annual Leave for the purpose of reducing the number of days worked per week while retaining their previous employment status; or (b) to be appointed to a role which that has a lower hourly rate of pay or hours (post transition role), in which case: (i) the Employer will preserve the accrual of LSL at the time of reduction in salary or hours; and (ii) where LSL is taken or paid out in lieu on termination, the Employee will be paid LSL hours at the applicable classification and grade, and at the preserved hours, prior to the post transition role until the preserved LSL hours are exhausted.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

  • Leave Without Pay for Relocation of Spouse At the request of an employee, leave without pay for a period of up to one (1) year shall be granted to an employee whose spouse is permanently relocated and up to five (5) years to an employee whose spouse is temporarily relocated.

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