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.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
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 Xxxxxx 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.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
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 Xxxxxx 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 reaches 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.
Appears in 1 contract
Samples: Tentative Agreement
