Common use of Enhanced Early Retirement Clause in Contracts

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 that DHB or contracted out hospital-Based Medical Laboratory and 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 excludes 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. 26.11.3 Membership of a superannuation scheme is not required for eligibility. 26.11.4 The provisions of clause 11.0 (Retiring Gratuities) shall apply and in addition, the 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 (b) 12 per cent of basic salary (T1 rate only) for the preceding 12 months, or part thereof for employees with less than 12 months service; and (c) 4 per cent of basic salary (T1 rate only) for the preceding 12 months multiplied by the number of years of service minus one up to a maximum of 19; and (d) Where the period of total aggregated service is less than 20 years, 0.333 per cent of basic salary (T1 rate only) for the preceding 12 months multiplied by the number of completed months in addition to completed years of service.

Enhanced Early Retirement. 26.11.1 25.11.1 Employees engaged by a DHB (or its predecessor) 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 that DHB or contracted out hospital-Based based Medical Laboratory and one or more other DHBs, and with one or more of the following services: (a) : • Public Service (b) Service • New Zealand Post Office (c) Office • New Zealand Railways (d) Railways • Any University in New Zealand (e) Zealand • Any Health Centre in any New Zealand Polytechnic or College of Education. But excludes 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/redundancy / severance / early retirement or similar payment from any of the above services or from any DHBs. 26.11.2 25.11.2 Employees engaged by a DHB (or its predecessor) 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 a DHB or the current employer. 26.11.3 25.11.3 Membership of a superannuation scheme is not required for eligibility. 26.11.4 25.11.4 The provisions of clause 11.0 (Retiring Gratuities) shall apply and in addition, the employee shall receive the following: (a) : • One month's ’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 (b) and • 12 per cent of basic salary (T1 rate only) for the preceding 12 months, or part thereof for employees with less than 12 months service; and (c) and • 4 per cent of basic salary (T1 rate only) for the preceding 12 months multiplied by the number of years of service minus one up to a maximum of 19; and (d) and • Where the period of total aggregated service is less than 20 years, 0.333 per cent of basic salary (T1 rate only) the employee would have received between their actual retirement and the date of their being eligible for the preceding 12 months multiplied by the number of completed months in addition to completed years of servicegovernment superannuation.

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 that DHB or contracted out hospital-hospital- Based Medical Laboratory and 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 excludes 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. 26.11.3 Membership of a superannuation scheme is not required for eligibility. 26.11.4 The provisions of clause 11.0 (Retiring Gratuities) shall apply and in addition, the 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 (b) 12 per cent of basic salary (T1 rate only) for the preceding 12 months, or part thereof for employees with less than 12 months service; and (c) 4 per cent of basic salary (T1 rate only) for the preceding 12 months multiplied by the number of years of service minus one up to a maximum of 19; and (d) Where the period of total aggregated service is less than 20 years, 0.333 per cent of basic salary (T1 rate only) for the preceding 12 months multiplied by the number of completed months in addition to completed years of service.

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 that a DHB or contracted out hospital-Based Medical Laboratory and one or more other DHBsLaboratory, 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 excludes 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. 26.11.3 Membership of a superannuation scheme is not required for eligibility. 26.11.4 The provisions of clause 11.0 10.0 (Retiring Gratuities) shall apply and in addition, the 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 (b) 12 per cent of basic salary (T1 rate only) for the preceding 12 months, or part thereof for employees with less than 12 months service; and (c) 4 per cent of basic salary (T1 rate only) for the preceding 12 months multiplied by the number of years of service minus one up to a maximum of 19; and (d) Where the period of total aggregated service is less than 20 years, 0.333 per cent of basic salary (T1 rate only) for the preceding 12 months multiplied by the number of completed months in addition to completed years of service.

Enhanced Early Retirement. 26.11.1 25.11.1 Employees engaged by a DHB (or its predecessor) 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 that DHB or contracted out hospital-Based based Medical Laboratory and one or more other DHBs, and with one or more of the following services: (a) :  Public Service (b) Service  New Zealand Post Office (c) Office  New Zealand Railways (d) Railways  Any University in New Zealand (e) Zealand  Any Health Centre in any New Zealand Polytechnic or College of Education. But excludes 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/redundancy / severance / early retirement or similar payment from any of the above services or from any DHBs. 26.11.2 25.11.2 Employees engaged by a DHB (or its predecessor) 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 a DHB or the current employer. 26.11.3 25.11.3 Membership of a superannuation scheme is not required for eligibility. 26.11.4 25.11.4 The provisions of clause 11.0 (Retiring Gratuities) shall apply and in addition, the employee shall receive the following: (a) :  One month's ’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 (b) and  12 per cent of basic salary (T1 rate only) for the preceding 12 months, or part thereof for employees with less than 12 months service; and (c) and  4 per cent of basic salary (T1 rate only) for the preceding 12 months multiplied by the number of years of service minus one up to a maximum of 19; and (d) and  Where the period of total aggregated service is less than 20 years, 0.333 per cent of basic salary (T1 rate only) the employee would have received between their actual retirement and the date of their being eligible for the preceding 12 months multiplied by the number of completed months in addition to completed years of servicegovernment superannuation.

Enhanced Early Retirement. 26.11.1 27.11.1 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 that a DHB or contracted out hospital-Based based Medical Laboratory and one or more other DHBsLaboratory, 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 excludes 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 27.11.2 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. 26.11.3 27.11.3 Membership of a superannuation scheme is not required for eligibility. 26.11.4 27.11.4 The provisions of clause 11.0 10.0 (Retiring Gratuities) shall apply and in addition, the 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 (b) 12 per cent of basic salary (T1 rate only) for the preceding 12 months, or part thereof for employees with less than 12 months service; and (c) 4 per cent of basic salary (T1 rate only) for the preceding 12 months multiplied by the number of years of service minus one up to a maximum of 19; and (d) Where the period of total aggregated service is less than 20 years, 0.333 per cent of basic salary (T1 rate only) for the preceding 12 months multiplied by the number of completed months in addition to completed years of service.