Graduated Retirement Program Sample Clauses
The Graduated Retirement Program clause establishes a structured process for employees to transition from full-time to part-time work as they approach retirement. Typically, this clause outlines eligibility criteria, the schedule for reducing work hours, and any adjustments to benefits or compensation during the transition period. Its core function is to provide flexibility for both the employer and employee, facilitating workforce planning while supporting employees in easing into retirement.
Graduated Retirement Program. In recognition of the restructuring of the Employers’ operations, employees with at least ten (10) years of seniority will be given the opportunity to work partial years prior to retirement or leaving employment with Mainroad Contracting Ltd.
Graduated Retirement Program. (a) In recognition of long years of service, the Employer may grant employees the opportunity to work part-time prior to retirement once the employee has established his/her date of retirement. Terms and conditions of the graduated retirement program will be negotiated individually with each employee making application under this provision, and may vary for each employee to reflect the Parties personal and operational requirements. However, each agreement will be governed by the following conditions:
(1) The applicant's employment status will be converted to regular part-time with defined periods of work and leaves of absences. Such employees will be entitled to accept auxiliary recall opportunities during leave periods; and such leave of absences without pay will be to a maximum of six (6) months at any one time.
(2) An employee will maintain full entitlement to Medical Services Plan, Extended Health Care, Dental, Group Life and AD&D.
(3) The position held by the employee shall be considered a vacancy for the purposes of Clause 12.8 at the commencement of his/her formal retirement or last day worked for the Employer, whichever occurs first.
(4) Vacation will be earned at the rate of one twelfth of the annual entitlement for each month in which an employee received at least ten (10) days pay at straight time rates as per Article 18.2(b).
(b) This gradual retirement program can be at the request of either Party, but the Employer's approval/offer will be governed by operational requirements within the classification of the employee. Copies of an agreement established under this provision shall be provided to the Joint Labour Management Committee.
Graduated Retirement Program. In recognition of long years of service, the Employer may grant employees the opportunity to work part-time prior to retirement once the employee has established date of retirement. Terms and conditions of the graduated retirement program will be negotiated individually with each employee making application under this provision, and may vary for each employee to reflect the Parties personal and operational requirements. However, each agreement will be governed by the following conditions:
Graduated Retirement Program. In recognition of the restructuring of the Employer's operations, employees with at least ten (10) years of seniority will be given the opportunity to work partial years prior to retirement or leaving employment with Mainroad East Kootenay Contracting LP.
Graduated Retirement Program. (a) In recognition of long years of service, the Employer may grant employees the opportunity to work part-time prior to retirement once the employee has established his/her date of retirement. Terms and conditions of the graduated retirement program will be negotiated individually with each employee making application under this provision, and may vary for each employee to reflect the Parties personal and operational requirements. However, each agreement will be governed by the following conditions:
(1) The applicants employment status will be converted to regular part-time with defined periods of work and leaves of absences. Such employees will be entitled to accept auxiliary recall opportunities during leave periods; and
(2) An employee will maintain full entitlement to the health and welfare benefits of this collective agreement; and
(3) The position held by the employee shall be considered a vacancy for the purposes of Clause 12.8 at the commencement of his/her formal retirement or last day worked for the Employer, whichever occurs first.
(b) This gradual retirement program can be at the request of either Party, but the Employer's approval/offer will be governed by operational requirements within the classification of the employee. Copies of an agreement established under this provision shall be provided to the Joint Labour Management Committee.