Common use of Golden Handshake Program Clause in Contracts

Golden Handshake Program. a. The Golden Handshake Program will only be used as an optional retirement plan if the District chooses to offer the program. The District is not obligated to offer the Golden Handshake. b. This option provides two (2) additional years of STRS service credit to the retiring Unit Member. For example, a Unit Member retiring with twenty (20) years of actual service would be considered by STRS to have worked twenty-two (22) years. The District would make the requisite payment to STRS to fund this benefit.

Golden Handshake Program. a. The Golden Handshake Program will only be used as an optional retirement plan if the District chooses to offer the program. The District is not obligated to offer the Golden Handshake. b. This option provides two (2) additional years of STRS service credit to the retiring Unit Member. For example, a Unit Member retiring with twenty (20) years of actual service would be considered by STRS to have worked twenty-twenty two (22) years. The District would make the requisite payment to STRS to fund this benefit.District

Golden Handshake Program. a. The Golden Handshake Program will only be used as an optional retirement plan if the District chooses to offer the program. The District is not obligated to offer the Golden Handshake. b. This option provides two (2) additional years of STRS service credit to the retiring Unit Member. For example, a Unit Member retiring with twenty (20) years of actual service would be considered by STRS to have worked twenty-twenty two (22) years. The District would make the requisite payment to STRS to fund this benefit.