Common use of Entitlement to Retirement Benefits and Vesting Requirements Clause in Contracts

Entitlement to Retirement Benefits and Vesting Requirements. 1. Upon retirement from the Corporation, a teacher shall be fully vested in the retirement benefits described in this Article if the retiring teacher has satisfied the following requirements: a. The retiring teacher has reached the age of fifty-five (55); and b. Immediately prior to retirement, the teacher must have completed not less than fifteen (15) full years of service as a professional educator with the Corporation.

Appears in 4 contracts

Samples: Master Contract, Master Contract, Master Contract

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Entitlement to Retirement Benefits and Vesting Requirements. 1. Upon retirement from the Corporation, a teacher shall be fully vested in the retirement benefits described in this the Article if the retiring teacher has satisfied the following requirements: a. 1. The retiring teacher has reached the age of fifty-five (55); and b. 2. Immediately prior to retirement, the teacher must have completed not less than fifteen (15) full years of service as a professional educator with the Corporation.ten

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

Entitlement to Retirement Benefits and Vesting Requirements. 1. Upon retirement from the School Corporation, a teacher shall be fully vested in the retirement benefits described in this Article if the retiring teacher has satisfied the following requirements: a. The retiring 1. A teacher has reached the age who is at least 55 years of fifty-five (55); andage. b. Immediately prior 2. Prior to retirement, the teacher must have completed not less than fifteen (15) full years of service as a professional educator teacher with the New Castle Community School Corporation. You are entitled to the distribution of vested retirement benefits after termination of employment.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

Entitlement to Retirement Benefits and Vesting Requirements. 1. Upon retirement from the Corporation, a teacher shall be fully vested in the retirement benefits described in this Article if the retiring teacher has satisfied the following requirements: a. 1. The retiring teacher has reached the age of fifty-five (55); and b. 2. Immediately prior to retirement, the teacher must have completed not less than fifteen (15) full years of service as a professional educator with the Corporation.fifteen

Appears in 1 contract

Samples: Master Contract

Entitlement to Retirement Benefits and Vesting Requirements. 1. Upon retirement from the School Corporation, a teacher shall be fully vested in the retirement benefits described in this Article if the retiring teacher has satisfied the following requirements: a. The retiring 1. A teacher has reached whose 55th birthday falls after the age conclusion of fifty-five (55); andthe school year, but on or before December 31 of that calendar year, may choose to retire at the conclusion of the school year immediately prior to his/her 55th birthday. b. 2. Immediately prior to retirement, the teacher must have completed not less than fifteen ten (1510) full years of service as a professional educator with the School Corporation.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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Entitlement to Retirement Benefits and Vesting Requirements. 1. Upon retirement from the Corporation, a teacher shall be fully vested in the retirement benefits described in this Article if the retiring teacher has satisfied the following requirements: a. 1. The retiring teacher has reached the age of fifty-five (55); and b. 2. Immediately prior to retirement, the teacher must have completed not less than fifteen (15) full years of service as a professional educator with the Corporation.ten

Appears in 1 contract

Samples: Master Contract

Entitlement to Retirement Benefits and Vesting Requirements. 1. Upon retirement from the Corporation, a a. A teacher shall be fully vested in the retirement benefits Retirement Benefits described in this Article V, Section C if the retiring teacher has satisfied the following requirements: a. i. The retiring teacher has reached the age of fifty-five (55); and b. Immediately ii. If hired prior to retirement1996-1997, the teacher must have completed not less than fifteen (15) full years of service as a professional educator with the Corporation.at least ten

Appears in 1 contract

Samples: Collective Bargaining Agreement

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