Impact on Retirement Allowance Sample Clauses

Impact on Retirement Allowance. Any certificated employee interested in the Early Retirement Work for Benefits Program shall be required to contact STRS to determine if early retirement or resignation may have a serious impact on his/her retirement allowance that is to be paid by STRS. Said employees must seek advice from a representative of STRS prior to submitting an application for the Early Retirement Work for Benefit Program and verify in writing that a meeting was held.
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Impact on Retirement Allowance. Any classified employee interested in the Early Retirement Work for Benefits Program shall be required to contact PERS and Social Security Administration to determine if early retirement or resignation may have a serious impact on their retirement allowance that is to be paid by PERS and Social Security Administration. Said employee must seek advice from a representative of PERS and Social Security Administration prior to submitting an application for the Early Retirement Work for Benefits Program and verify in writing that a meeting was held. Pension reform measures enacted January 1, 2013 include a 180-day wait period. Contact CALPERS for additional information.
Sample 1

Related to Impact on Retirement Allowance

  • Retirement Allowance Prior to issuing notice of layoff pursuant to article 9.08(a)(ii) in any classification(s), the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under HOOPP within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff under article 9.08(a)(ii). An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks' salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of 26 weeks' salary, and, in addition, full-time employees shall receive a single lump-sum payment equivalent to $1,000 for each year less than age 65 to a maximum of $5,000 upon retirement."

  • 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.

  • Special Parental Allowance for Totally Disabled Employees (a) An employee who:

  • Pension Contributions While on Short Term Disability Contributions for OMERS Plan Members When an employee/plan member is on short-term sick leave and receiving less than 100% of regular salary, the Board will continue to deduct and remit OMERS contributions based on 100% of the employee/plan member’s regular pay.

  • Separation Allowance 13.01 Should it become necessary to close the plant or a portion of the plant and it is not expected that those affected will be re-employed, a separation allowance will be paid to employees subject to the following:

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