- FLEXIBLE RETIREMENT Sample Clauses

- FLEXIBLE RETIREMENT. 41.01 A Regular Full-Time or Regular Pro-Rated faculty member who has reached the age of fifty-eight (58) and who has twenty (20) years employment at the University may take Flexible Retirement. Members who take Flexible Retirement shall receive:
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- FLEXIBLE RETIREMENT. All employees have the opportunity to benefit from a flexible retirement period from 60 to 75 years old. They can also take advantage of flexible working arrangements in the run up to retirement enabling a more gradual transition from working to retirement.
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- FLEXIBLE RETIREMENT. 23. The possibility of flexible retirement exists within the Local Government Pension Scheme. An employee who, rather than continuing to work full-time until the normal retirement age, wishes, for example, to move to part-time working or to a lower graded post, may, subject to the [ ] Probation Board’s consent, elect to draw any pensions benefits already accrued whilst still receiving a salary in respect of the reduced hours or changed role.
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- FLEXIBLE RETIREMENT. The 2008 Section was designed to provide a great deal of flexibility around retirement. You can choose to retire between age 55 and 75 but the benefits would be reduced if they are paid before your 65th birthday. You do not actually have to leave the NHS to start drawing some of your pension and taking a lump sum. After you reach the minimum pension age you can consider moving towards retirement by reducing your working time or perhaps switching to a less demanding role. If you reduce your working time, your reckonable pay will still be based on your full time equivalent salary. If you switch to a less demanding role, your reckonable pay will still consider any higher earnings you may have had in the ten years prior to you finally retiring. You can also take the whole of your benefits by leaving the NHS. You may be able to return to employment and rejoin this Section or you could choose to keep working beyond the Normal Pension Age and earn a larger pension. Draw down If you reduce your pensionable pay by at least 10% and you have reached the minimum pension age of 55, you may partially retire and take some of your benefits. You can take a minimum of 20% (or any minimum amount set by HM Revenue and Customs) and a maximum of 80% of your own pension entitlement and continue to build up future membership. The benefits would be reduced if they are paid before your 65th birthday. Your pensionable pay must remain reduced for at least a year otherwise you will cease to be eligible for the pension that you have taken. You can draw down your benefits twice before retiring completely. Illness, life assurance and family benefits Help and general information 30 1995|2008 NHS Pension Scheme - Retirement 31 2015 Scheme If you are a member of both the 1995/2008 Scheme and the 2015 Scheme please read the factsheet for members of the 2015 Scheme who also have membership in the 1995/2008 Scheme to understand more about the impact of claiming your benefits early. This is available on our website at: xxx.xxxxxx.xxx.xx/xxxxxxxx General information Providing for your dependants (Allocation)‌ Late retirement If you remain in employment after your Normal Pension Age, you may continue to earn benefits as long as you stay in this Scheme, up to age 75 (65 if you have Special Class status and are a member of the 1995 Section) or until you reach 45 years’ Scheme membership. Your pension benefits will be based on your pensionable pay and membership when you do eventually retire. At age...
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- FLEXIBLE RETIREMENT. Employees who wish to take flexible retirement will have their case considered on its merits having fully considered service delivery and financial implication issues. Applications for flexible/ phased retirement must be supported by a valid business case by the relevant Service Area, is at the discretion of the Council and will normally only be supported where the release of pension benefits impose no cost to the Council. The accompanying Business Case must, in future, ensure that the cost of early retirement in this scenario be met over a period, normally not exceeding 4 years. Applications for flexible/ phased retirement on a reduced working hours basis will only be considered where contracted hours are reduced by a minimum of 20% and/or there is a change in grade. Appendix D ANNUAL LEAVE AND BANK HOLIDAY ENTITLEMENT
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- FLEXIBLE RETIREMENT. 40.4.1. The employee has the option of wholly or partially starting his pension, in consultation with the employer and in accordance with the provisions of the applicable pension scheme, on a pension commencement date other than the standard pension commencement date applicable to him.
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Related to - FLEXIBLE RETIREMENT

  • Pre-Retirement Leave An employee scheduled to retire and to receive a superannuation allowance under the applicable Superannuation Act(s), or who has reached the mandatory retiring age, shall be entitled to:

  • Pre-Retirement Counseling Leave ‌ After reaching earliest retirement age, each employee shall be granted up to three and one-half (3-1/2) days leave with pay to pursue bona fide pre-retirement counseling programs. Employees shall request the use of leave provided in this Article at least five (5) days prior to the intended date of use. Authorization for use of pre-retirement counseling leave shall not be withheld unless the Appointing Authority determines that the use of such leave will handicap the efficiency of the employee's work unit. When the dates requested for pre-retirement leave cannot be granted for the above reason, the Agency shall offer the employee a choice from three (3) other sets of dates. The leave herein discussed may be used to investigate and assemble the employee's retirement program, including PERS, Social Security, insurance and other retirement income.

  • Beneficiary Rollovers from Employer-Sponsored Retirement Plans If you are a spouse Beneficiary, nonspouse Beneficiary, or the trustee of an eligible type of trust named as Beneficiary of a deceased employer plan participant, you may directly roll over inherited assets from a qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, or 457(b) governmental deferred compensation plan to an inherited IRA. The IRA must be maintained as an inherited IRA, subject to the beneficiary distribution requirements.

  • Non-Retirement Savings Accounts An account maintained in the Cayman Islands (other than an insurance or Annuity Contract) that satisfies the following requirements under the laws of the Cayman Islands.

  • Deferred Retirement a. An employee who, upon separation from County service, is eligible for paid retirement and elects deferred retirement must defer participation in the Grant until such time as he or she becomes an active retiree.

  • Retirement Savings 5.6.1 Principals are eligible to join a KiwiSaver scheme in accordance with the terms of those schemes.

  • VESTED RETIREMENT GRATUITY VOLUNTARY EARLY PAYOUT a) An Employee eligible for a Sick Leave Credit retirement gratuity as per Appendix A shall have the option of receiving a payout of his/her gratuity on August 31, 2016, or on the employee’s normal retirement date.

  • Post-Retirement Employment Unit members who retire from the University during the term of this Agreement may propose a post-retirement appointment of up to three years duration. During this post-retirement appointment, the total of retirement benefits and post-retirement salary paid by the University shall not exceed the salary paid at the time of retirement. The annual compensation received from the University for the post-retirement appointment shall not exceed fifty (50) percent of the annual salary at the time of retirement. The duties for a post-retirement appointment shall be defined and agreed to in writing by the bargaining unit member and the Employer/University Administration prior to the bargaining unit member's retirement. Such appointments are at the discretion of the Employer/University Administration and are subject to existing law and all rules and regulations of the State Retirement Board. The decision of the Employer/University Administration not to approve a proposal for a post-retirement appointment shall not be grievable under the Grievance and Arbitration Procedure, Article 7.

  • Oregon Public Service Retirement Plan Pension Program Members For purposes of this Section 2, “employee” means an employee who is employed by the State on or after August 29, 2003 and who is not eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

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