Enhanced Early Retirement. 26.11.1 Employees engaged prior to 1 May 1994 are eligible if they are within 10 years of the age of eligibility for government superannuation and have a minimum of ten years' total aggregated service with the employer, with one or more other DHBs, and with one or more of the following services: a) Public Service b) New Zealand Post Office c) New Zealand Railways d) Any University in New Zealand e) Any Health Centre in any New Zealand Polytechnic or College of Education. But excluding any service with any of the above services or with any DHB, which has been taken into account for the purposes of calculating any entitlement to a redundancy/severance/early retirement or similar payment from any of the above services or from any DHBs. 26.11.2 Employees engaged on or after 1 May 1994 are eligible if they are within 10 years of the age of eligibility for government superannuation and have a minimum of 10 years total current continuous service with the employer, excluding any service with any of the above services or with any DHB that has been taken into account for the purposes of calculating any entitlement to a redundancy/ severance/ early retirement or similar payment from any of the above services or from any DHBs. 26.11.3 Membership of a superannuation scheme is not required for eligibility. 26.11.4 An employee shall receive the following: a) One month's notice of retirement or 8.33 per cent of basic salary (T1 rate only) for the preceding 12 months in lieu of notice. This payment is regardless of length of service; and
Appears in 14 contracts
Samples: Collective Agreement, Clinical Physiology National Collective Agreement, Clinical Physiology National Collective Agreement
Enhanced Early Retirement. 26.11.1 Employees engaged prior to 1 May 1994 are eligible if they are within 10 years of the age of eligibility for government superannuation and have a minimum of ten years' total aggregated service with the employer, with one or more other previous DHBs, and with one or more of the following services:
a) Public Service
b) New Zealand Post Office
c) New Zealand Railways
d) Any University in New Zealand
e) Any Health Centre in any New Zealand Polytechnic or College of Education. But excluding any service with any of the above services or with any DHB, which has been taken into account for the purposes of calculating any entitlement to a redundancy/severance/early retirement or similar payment from any of the above services or from any DHBs.
26.11.2 Employees engaged on or after 1 May 1994 are eligible if they are within 10 years of the age of eligibility for government superannuation and have a minimum of 10 years total current continuous service with the employer, excluding any service with any of the above services or with any DHB that has been taken into account for the purposes of calculating any entitlement to a redundancy/ severance/ early retirement or similar payment from any of the above services or from any DHBs.
26.11.3 Membership of a superannuation scheme is not required for eligibility.
26.11.4 An employee shall receive the following:
a) One month's notice of retirement or 8.33 per cent of basic salary (T1 rate only) for the preceding 12 months in lieu of notice. This payment is regardless of length of service; and
Appears in 2 contracts
Samples: Clinical Physiology Collective Agreement, Collective Agreement
