CASH-OUT OF EIH. Nurses who actively work for Hospital a minimum of ten 1 years of continuous employment and retire under the Tuality Retirement Plan, or 2 become totally disabled as per Social Security guidelines, will receive a cash-out 3 of any EIH balance as follows: 4 10 years - 33 1/3% 5 15 years - 66 2/3% 6 20+ years - 100% 7 8 Nurses who retire before age 65 may not continue employment after beginning to 9 receive retirement benefits. Nurses who retire at age 65 or older may continue 10 employment in an on-call status only and will not ever be eligible for PLH or EIH 11 accruals.
CASH-OUT OF EIH. Nurses hired before ratification of the 2016-2017 12 agreement who actively work for Hospital a minimum of ten years of continuous 13 employment and retire under the Tuality Retirement Plan, or become totally 14 disabled as per Social Security guidelines, will receive a cash-out of any EIH 15 balance as follows: 16 10 years - 33 1/3% 17 15 years - 66 2/3% 18 20+ years - 100% 19 20 Nurses who retire may not continue employment after beginning to receive 21 retirement benefits, however, such nurse may be rehired in a per diem position 22 only, after a break in service of at least thirty days.
CASH-OUT OF EIH. Nurses hired before ratification of the 2016-2017 agreement who actively work for Hospital a minimum of ten years of continuous employment and retire under the Tuality Retirement Plan, or become totally disabled as per Social Security guidelines, will receive a cash-out of any EIH balance as follows: 10 years - 33 1/3% 15 years - 66 2/3% 20+ years - 100% Nurses who retire before age 65 may not continue employment after beginning to receive retirement benefits, however such nurse may be rehired in a per diem position only, after a break in service of at least thirty days. Nurses who retire at age 65 or older may continue employment in an on-call status only and will not ever be eligible for PLH or EIH accruals.
