Early Retirement Incentive Program. The Program is designed to encourage the early retirement of eligible employees by offering an incentive to retire in the form of paid premiums in the group medical and dental health insurance program offered retirees by Blue Cross Blue Shield at the time of the eligible employee’s retirement. The payment of premium will continue until the retired employee becomes eligible for coverage under the federal Medicare program, at which time the paid premiums shall cease. Full-time employees who have completed at least ten (10) years of continuous service within the State College System, and who are sixty (60) years of age or older are eligible to participate in this program upon providing six (6) months of advanced written notice. The employee shall be responsible for membership fees required by NSEA. In order to be eligible for this program, the employee has to meet the five (5) year Educator’s Health Alliance continuous coverage requirement.
Early Retirement Incentive Program. The employer agrees to fully pay medical benefits for unit members, who retire, for a period of no more than five (5) years, or to the age of sixty-five (65) years, whichever comes first, subject to the following conditions:
1. The District's contribution shall not exceed the contribution the District was making at the time the employee retired.
2. The employee has been a regular classified employee for a period of not less than ten (10) years.
3. The employee must have reached the age between fifty-five (55) and sixty (60) prior to the beginning of the next work year.
4. The employee will not become eligible for other medical insurance.
5. Payments of medical benefits for the retiree and his/her spouse will terminate five years after the employee retires or when the unit member reaches the age of sixty-five (65) years or in event of death would have reached the age of sixty-five (65).
6. Medical benefits under this section shall be for the employee and spouse.
Early Retirement Incentive Program. 16.1 In order to encourage early retirement for District classified employees, all classified employees who satisfy all of the following conditions are eligible for early retirement under this Article.
16.1.1 Have worked in the District to at least fifteen (15) years; and
16.1.2 Are at least fifty-five (55) years of age; and
16.1.3 Have worked at least four (4) hours per day or more prior to retirement eligibility in PERS; and
16.1.4 Are immediately eligible for retirement in PERS; and
16.1.5 Remain retired upon electing to retire pursuant to the terms of this Article.
16.2 All classified employees who qualify under the terms of this Article will receive one hundred percent (100%) of the District’s contribution on their medical health care benefits, excluding dental and vision care benefits in their entirety, at the time of retirement. All qualifying employees will be responsible for any and all contributions necessary to maintain coverage beyond the District’s contribution at the time of retirement. All retired employees who retire pursuant to this Article will be solely responsible for any cost increases if coverage costs at any time during the time benefits are conferred pursuant to this Article.
16.3 The benefits conferred by this Article shall be maintained for ten (10) years or until the qualifying employee reached Medicare age, whichever comes first.
16.4 The benefits conferred by this Article will cease forever if an employee retires pursuant to this agreement and then declines the insurance coverage conferred by this agreement.
16.5 In order to qualify for the early retirement incentive described in this agreement, a qualified employee must do the following:
16.5.1 Notify the District in writing no later than November 15 that he/she will be retiring and accepting the benefits described in this agreement.
16.5.2 Actually be retired by December 31 of the following year.
16.6 It is recognized by the parties to this Agreement that some classified employees may desire early retirement, but may not satisfy the conditions of this agreement. The parties agree that the District may negotiate early retirement agreements with these classified employees on a case-by-case basis. The District will notify CSEA in writing prior to conducting any negotiations, and CSEA will be present in all negotiations pursuant to this Section.
Early Retirement Incentive Program. Two Early Retirement Incentive Programs, Insurance and Cash Incentive, are available to eligible unit members who retire early. Unit members may participate in either or both of these programs.
Early Retirement Incentive Program. 14.1 Subject to the approval of the District, a person holding certificated qualifications may be employed as a consultant subject to the conditions set forth below:
14.1.1 A consultant under this program shall serve a maximum of twenty-five (25) days per year performing services mutually agreed upon by the consultant and the School District. Said services shall be based on the needs of the District and shall include but not necessarily be limited to in-service training, development of curriculum and workshop presentations.
14.1.2 Consultant contracts under this program shall not exceed five (5) years.
14.1.3 To be eligible for consultant employment under this program, an individual must:
(a) Have been employed on a full-time basis by the Albany Unified School District in a certificated position for the full school year immediately preceding the initial year of employment as consultant.
(b) Have served satisfactorily in the Albany Unified School District for a minimum of ten (10) years.
(c) Have retired from the Albany Unified School District and be participating in the State Unit member's Retirement System and/or PERS.
14.1.4 Such early retirement contracts will be approved concurrently with approval of resignation of the employee.
14.1.5 The annual compensation to be paid to consultants under this program shall be not less than $2,500 nor more than $4,000. The exact amount of compensation shall be set in accordance with the education and experience of the individual consultant.
Early Retirement Incentive Program. The District shall establish a committee with OPTA to evaluate annually the feasibility of an early retirement incentive plan. Any early retirement incentive program offered by the District is subject to negotiations. The final decision to offer an early retirement plan for bargaining unit members shall be determined by the Board of Education. The terms and conditions of a program will be outlined in a Memorandum of Understanding that will be developed between the Association and the District for retiring bargaining unit members. If a retirement incentive program is negotiated that includes a cash option, the retiring unit member shall receive their check no later than August 31st.
Early Retirement Incentive Program. Any employee who is eligible for retirement under MPSERS and has not less than seven (7) consecutive years of service as an employee in the Cheboygan Area Schools shall have the option to be granted an early retirement supplemental pay incentive.
Early Retirement Incentive Program. Unit Members may select one of five (5) early retirement options for which they meet eligibility requirements. Refer to Appendix G Classified Retirement Election Form.
28.2.1 Subject to collective bargaining, these retirement incentive programs do not establish a vested right and may be terminated as to employees who have not already retired under the provisions of one of the programs.
Early Retirement Incentive Program. As part of the District's Early Retirement Incentive Program, the District shall contribute to the retirees' medical and dental plan according to the following provisions:
a. The District will contribute the specified premium amount for the retiree's District group medical and dental plan up to a maximum of $5,200 annually.
b. This sum shall be prorated for those normally assigned less than full-time at the time of retirement, in accordance with District policy.
c. District contributions shall continue until the retiree reaches age 65 or the date of the retiree's death, whichever is earlier.
d. A person must have rendered 15 years of service with the SBCCD and be at least age 55. Five years of that service requirement shall be immediately preceding retirement.
Early Retirement Incentive Program. The District shall provide for an early retirement incentive program for those teachers who qualify and are interested in participating.
