Common use of Corrections Early Retirement Incentive Clause in Contracts

Corrections Early Retirement Incentive. a. Effective October 24, 2007, any supervisor who attains the age of fifty-five (55) and is covered by the Correctional Early Retirement Plan may opt during the pay period of their fifty-fifth (55th) birthday or any pay period thereafter to take advantage of the early retirement incentive. Any supervisor covered by the Correctional Early Retirement Plan who retires prior to October 24, 2007 may take advantage of the early retirement incentive provided such supervisor retires in the pay period in which he/she attains the age of fifty-five (55). A supervisor attaining the age of fifty-five (55) prior to October 24, 2007 and who elected not to retire during the pay period in which they turned fifty-five (55) are no longer eligible for this benefit. Supervisors exercising this option must be eligible for insurance coverage under the provisions of this Article and shall be provided with health and dental insurance which the supervisor was entitled to at the time of retirement, subject to any changes in coverage in accordance with this or any subsequent Agreement. Supervisors eligible to receive an Employer Contribution for medical and dental coverage immediately prior to taking advantage of the early retirement incentive shall continue to receive an Employer Contribution as set forth below for themselves and their enrolled dependents until the supervisor attains the age of sixty-five (65). A supervisor who retires with no Employer Contribution for dependent coverage or who terminates dependent coverage following retirement, shall not subsequently be eligible for a contribution for dependent coverage. Receipt of early retirement insurance benefits is contingent upon completion of all the required forms and continued payment of the required premium. b. Any supervisor who attains the age of fifty (50) after the effective date and before the expiration date of the contract and who is covered by the Correctional Pre Fifty-five (55) Early Retirement Plan may opt during any pay period between that in which his/her fiftieth (50th) birthday occurs through the pay period in which his/her fifty-fifth (55th) birthday occurs, to take advantage of the pre fifty-five (55) early retirement incentive. Supervisors exercising this option must be eligible for insurance coverage under the provisions of this Article and shall be provided with health and dental insurance which the supervisor was entitled to at the time of retirement, subject to any changes in coverage in accordance with this or any subsequent Agreement. Supervisors eligible to receive an Employer Contribution for health and dental coverage immediately prior to taking advantage of the early retirement incentive shall continue to receive an Employer Contribution as set forth below for themselves and their enrolled dependents until the supervisor attains the age of sixty-five (65). A supervisor who retires with no Employer Contribution for dependent coverage or who terminates dependent coverage following retirement, shall not subsequently be eligible for a contribution for dependent coverage. Receipt of pre fifty-five (55) early retirement insurance benefits is contingent upon completion of all the required forms and continued payment of the required premium. Notwithstanding any changes in coverage in accordance with this or any subsequent Agreement, the Employer Contribution shall be equal to one hundred twenty (120) times the amount of the monthly Employer Contribution applicable to that supervisor at the time of his/her retirement, divided by the number of months until the supervisor attains the age of sixty-five (65).

Corrections Early Retirement Incentive. a. Effective October 24, 2007, any Any supervisor who attains the age of fifty-five (55) after the effective date and before the expiration date of the contract and who is covered by the Correctional Early Retirement Plan may opt during the pay period of their in which his/her fifty-fifth (55th) birthday or any pay period thereafter occurs to take advantage of the early retirement incentive. Any supervisor covered by the Correctional Early Retirement Plan who retires prior to October 24, 2007 may take advantage of the early retirement incentive provided such supervisor retires in the pay period in which he/she attains the age of fifty-five (55). A supervisor attaining the age of fifty-five (55) prior to October 24, 2007 and who elected not to retire during the pay period in which they turned fifty-five (55) are no longer eligible for this benefit. Supervisors exercising this option must be eligible for insurance coverage under the provisions of this Article and shall be provided with health and dental insurance which the supervisor was entitled to at the time of retirement, subject to any changes in coverage in accordance with this or any subsequent Agreement. Supervisors eligible to receive an Employer Contribution for medical and dental coverage immediately prior to taking advantage of the early retirement incentive shall continue to receive an Employer Contribution as set forth below for themselves and their enrolled dependents until the supervisor attains the age of sixty-five (65). A supervisor who retires with no Employer Contribution for dependent coverage or who terminates dependent coverage following retirement, shall not subsequently be eligible for a contribution for dependent coverage. Receipt of early retirement insurance benefits is contingent upon completion of all the required forms and continued payment of the required premium. b. Any supervisor who attains the age of fifty (50) after the effective date and before the expiration date of the contract and who is covered by the Correctional Pre Fifty-five (55) Early Retirement Plan may opt during any pay period between that in which his/her fiftieth (50th) birthday occurs through the pay period in which his/her fifty-fifth (55th) birthday occurs, to take advantage of the pre fifty-five (55) early retirement incentive. Supervisors exercising this option must be eligible for insurance coverage under the provisions of this Article and shall be provided with health and dental insurance which the supervisor was entitled to at the time of retirement, subject to any changes in coverage in accordance with this or any subsequent Agreement. Supervisors eligible to receive an Employer Contribution for health and dental coverage immediately prior to taking advantage of the early retirement incentive shall continue to receive an Employer Contribution as set forth below for themselves and their enrolled dependents until the supervisor attains the age of sixty-five (65). A supervisor who retires with no Employer Contribution for dependent coverage or who terminates dependent coverage following retirement, shall not subsequently be eligible for a contribution for dependent coverage. Receipt of pre fifty-five (55) early retirement insurance benefits is contingent upon completion of all the required forms and continued payment of the required premium. Notwithstanding any changes in coverage in accordance with this or any subsequent Agreement, the Employer Contribution shall be equal to one hundred twenty (120) times the amount of the monthly Employer Contribution applicable to that supervisor at the time of his/her retirement, divided by the number of months until the supervisor attains the age of sixty-five (65).

Corrections Early Retirement Incentive. 1 a. Effective October 24, 2007, any supervisor who attains the age of fifty-five (55) and is 2 covered by the Correctional Early Retirement Plan may opt during the pay period of 3 their fifty-fifth (55th) birthday or any pay period thereafter to take advantage of the early 4 retirement incentive. 6 Any supervisor covered by the Correctional Early Retirement Plan who retires prior to 7 October 24, 2007 may take advantage of the early retirement incentive provided such 8 supervisor retires in the pay period in which he/she attains the age of fifty-five (55). 10 A supervisor attaining the age of fifty-five (55) prior to October 24, 2007 and who 11 elected not to retire during the pay period in which they turned fifty-five (55) are no 12 longer eligible for this benefit. 14 Supervisors exercising this option must be eligible for insurance coverage under the 15 provisions of this Article and shall be provided with health and dental insurance which 16 the supervisor was entitled to at the time of retirement, subject to any changes in 17 coverage in accordance with this or any subsequent Agreement. Supervisors eligible to 18 receive an Employer Contribution for medical and dental coverage immediately prior to 19 taking advantage of the early retirement incentive shall continue to receive an Employer 20 Contribution as set forth below for themselves and their enrolled dependents until the supervisor attains the age of sixty-five (65). A supervisor who retires with no Employer 22 Contribution for dependent coverage or who terminates dependent coverage following 23 retirement, shall not subsequently be eligible for a contribution for dependent coverage. 24 Receipt of early retirement insurance benefits is contingent upon completion of all the 25 required forms and continued payment of the required premium. 27 b. Any supervisor who attains the age of fifty (50) after the effective date and before the 28 expiration date of the contract and who is covered by the Correctional Pre Fifty-five (55) ) 1 Early Retirement Plan may opt during any pay period between that in which his/her 2 fiftieth (50th) birthday occurs through the pay period in which his/her fifty-fifth (55th) 3 birthday occurs, to take advantage of the pre fifty-five (55) early retirement incentive. 5 Supervisors exercising this option must be eligible for insurance coverage under the 6 provisions of this Article and shall be provided with health and dental insurance which 7 the supervisor was entitled to at the time of retirement, subject to any changes in 8 coverage in accordance with this or any subsequent Agreement. Supervisors eligible to 9 receive an Employer Contribution for health and dental coverage immediately prior to 10 taking advantage of the early retirement incentive shall continue to receive an Employer 11 Contribution as set forth below for themselves and their enrolled dependents until the 12 supervisor attains the age of sixty-five (65). A supervisor who retires with no Employer 13 Contribution for dependent coverage or who terminates dependent coverage following 14 retirement, shall not subsequently be eligible for a contribution for dependent coverage. Receipt of pre fifty-five (55) early retirement insurance benefits is contingent upon completion of all the required forms and continued payment of the required premium. Notwithstanding any changes in coverage in accordance with this or any subsequent Agreement, the Employer Contribution shall be equal to one hundred twenty (120) times the amount of the monthly Employer Contribution applicable to that supervisor at the time of his/her retirement, divided by the number of months until the supervisor attains the age of sixty-five (65).

Corrections Early Retirement Incentive. a. Effective October 24, 2007, any supervisor Any employee who attains the age of fifty-five (55) after the effective date and before the expiration date of the contract and who is covered by the Correctional Early Retirement Plan may opt during the pay period of their in which his/her fifty-fifth (55th) birthday or any pay period thereafter occurs to take advantage of the early retirement incentive. Any supervisor covered by the Correctional Early Retirement Plan who retires prior to October 24, 2007 may take advantage of the early retirement incentive provided such supervisor retires in the pay period in which he/she attains the age of fifty-five (55). A supervisor attaining the age of fifty-five (55) prior to October 24, 2007 and who elected not to retire during the pay period in which they turned fifty-five (55) are no longer eligible for this benefit. Supervisors Employees exercising this option must be eligible for insurance coverage under the provisions of this Article and shall be provided with health and dental insurance which the supervisor employee was entitled to at the time of retirement, subject to any changes in coverage in accordance with this or any subsequent Agreement. Supervisors Employees eligible to receive an Employer Contribution for medical and dental coverage immediately prior to taking advantage of the early retirement incentive shall continue to receive an Employer Contribution as set forth below for themselves and their enrolled dependents until the supervisor employee attains the age of sixty-five (65). A supervisor An employee who retires with no Employer Contribution for dependent coverage or who terminates dependent coverage following retirement, shall not subsequently be eligible for a contribution for dependent coverage. Receipt of early retirement insurance benefits is contingent upon completion of all the required forms and continued payment of the required premium. b. Any supervisor employee who attains the age of fifty (50) after the effective date and before the expiration date of the contract and who is covered by the Correctional Pre Pre-Fifty-five (55) Early Retirement Plan may opt during any pay period between that in which his/her fiftieth (50th) birthday occurs through the pay period in which his/her fifty-fifth (55th) birthday occurs, to take advantage of the pre fifty-five (55) early retirement incentive. Supervisors Employees exercising this option must be eligible for insurance coverage under the provisions of this Article and shall be provided with health and dental insurance which the supervisor employee was entitled to at the time of retirement, subject to any changes in coverage in accordance with this or any subsequent Agreement. Supervisors Employees eligible to receive an Employer Contribution for health and dental coverage immediately prior to taking advantage of the early retirement incentive shall continue to receive an Employer Contribution as set forth below for themselves and their enrolled dependents until the supervisor employee attains the age of sixty-five (65). A supervisor An employee who retires with no Employer Contribution for dependent coverage or who terminates dependent coverage following retirement, shall not subsequently be eligible for a contribution for dependent coverage. Receipt of pre fifty-five (55) early retirement insurance benefits is contingent upon completion of all the required forms and continued payment of the required premium. Notwithstanding any changes in coverage in accordance with this or any subsequent Agreement, the Employer Contribution shall be equal to one hundred twenty (120) times the amount of the monthly Employer Contribution applicable to that supervisor employee at the time of his/her retirement, divided by the number of months until the supervisor employee attains the age of sixty-five (65).

Corrections Early Retirement Incentive. a. Effective October 24, 2007, any supervisor Any nurse who attains the age of fifty-fifty five (55) after August 23, 2007 and is before the expiration date of the contract and who, in the preceding three (3) years from their fifty-fifth (55th) birthday, was in a classification covered by the Correctional Early Retirement Plan may opt during on or after the pay period of their in which his/her fifty-fifth (55th) birthday or any pay period thereafter occurs to take advantage of the early retirement incentive. Any supervisor covered by the Correctional Early Retirement Plan who retires prior to October 24However, 2007 may take advantage of the early retirement incentive provided such supervisor retires in the pay period in which he/she attains the nurses age of fifty-five (55). A supervisor attaining the age of fifty-five (55) prior to October 24, 2007 and over who elected previously declined this benefit are not to retire during eligible. These nurses shall receive the employer paid portion of medical and dental insurance premiums paid by the employer in the pay period in which they turned fiftyon or after their (55th) birthday for themselves and their dependents until the nurse attains the age of sixty-five (5565). The monthly employer paid portion of the premium shall not increase by more than one hundred dollars ($100) are no longer eligible for this benefitabove the monthly amount paid by the employer in the pay-period on or after their fifty-fifth (55th) birthday over the period the nurse is receiving the Corrections Early Retirement Incentive. Supervisors Nurses exercising this option must be eligible for insurance coverage under the provisions provision of this Article and shall be provided with health and dental insurance coverage which the supervisor nurse was entitled to at the time of retirement, subject to any changes in coverage in accordance with this or any subsequent Agreementagreement. Supervisors Nurses eligible to receive an Employer Contribution for medical and dental coverage immediately prior to taking advantage of the early retirement incentive shall continue to receive an Employer Contribution as set forth below for themselves and their enrolled dependents until the supervisor nurse attains the age of sixty-five (65). A supervisor nurse who retires with no Employer Contribution for dependent coverage or who terminates dependent coverage following retirement, shall not subsequently be eligible for a contribution for dependent coverage. Receipt of early retirement insurance benefits is contingent upon completion of all the required forms and continued payment of the required premium. b. . Any supervisor nurse who attains the age of fifty (50) after the effective date and before the expiration date of the contract and who is covered by the Correctional Pre Pre-Fifty-five (55) Early Retirement Plan may opt during any pay period between that in which his/her fiftieth (50th50) birthday occurs through the pay period in which his/her fifty-fifth (55th) birthday occurs, to take advantage of the pre pre-fifty-five (55) early retirement incentive. Supervisors Nurses exercising this option must be eligible for insurance coverage under the provisions of this Article and shall be provided with health and dental insurance which the supervisor nurse was entitled to at the time of retirement, subject to any changes in coverage in accordance with this or any subsequent Agreement. Supervisors Nurses eligible to receive an Employer Contribution for health and dental coverage immediately prior to taking advantage of the early retirement incentive shall continue to receive an Employer Contribution as set forth below for themselves and their enrolled dependents until the supervisor nurse attains the age of sixty-five (65). A supervisor nurse who retires with no Employer Contribution for dependent coverage coverage, or who terminates dependent coverage following retirement, shall not subsequently be eligible for a contribution for dependent coverage. Receipt of pre fifty-five (55) early retirement insurance benefits is contingent upon completion of all the required forms and continued payment of the required premium. Notwithstanding any changes in coverage in accordance with this or any subsequent Agreementagreement, the Employer Contribution employer contribution for the pre-fifty-five early retirement incentive shall be equal to one hundred twenty (120) times the amount of the monthly Employer Contribution employer contribution applicable to that supervisor nurse at the time of his/her retirement, divided by the number of months from the date of retirement until the supervisor employee attains the age of sixty-five (65).