Notice for Current Year Retirement Sample Clauses

Notice for Current Year Retirement. The District shall provide each employee who submits an irrevocable notice of his/her intent to retire no later than the first Wednesday in March of the year $1,000 non-creditable lump sum payment or 403(b) contribution paid post retirement. The option to select this incentive will sunset on the first Wednesday in March, 2021.
Sample 1
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Notice for Current Year Retirement. The District shall provide each employee who submits an irrevocable notice of his/her intent to retire no later than March 2 of the year a four percent (4%) incentive at the end of that year. The option to select this incentive will sunset on March 3, 2018.
Sample 1
Notice for Current Year Retirement. The District shall provide each employee who submits an irrevocable notice of his/her intent to retire no later than the first Wednesday in March of the current year, a Two Thousand Dollar ($2,000) non- creditable lump sum payment or 403(B) contribution, paid post retirement. This option to select this incentive will sunset on the first Wednesday in March, 2021. In addition to the above options, teachers who retire from the District in good standing shall be given preferred status on the substitute list for a period of five (5) years, if the retiree opts for this benefit. These retirees shall be paid fifteen dollars ($15.00) greater than the current substitute rate and the retiree shall be eligible to substitute for up to one hundred (120) days per year.
Sample 1

Related to Notice for Current Year Retirement

  • 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 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.

  • 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.

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

  • Normal Retirement Date The date on which the Executive attains age sixty-five (65).

  • Sick Leave Credit-Based Retirement Gratuities 1) A Teacher is not eligible to receive a sick leave credit gratuity after August 31, 2012, except a sick leave credit gratuity that the Teacher had accumulated and was eligible to receive as of that day.

  • Benefit Waiting Period Allowance (a) An employee who qualifies for and takes leave pursuant to 21.1 or 21.2 and is required by Employment Insurance to serve a one-week waiting period for Employment Insurance Maternity/Parental benefits, shall be paid a leave allowance equivalent to one week at 85% of the employee's basic pay.

  • Vacation Leave on Retirement ‌ An employee scheduled to retire and to receive pension benefits under the Public Service Pension Plan Rules or who has reached the mandatory retiring age, shall be granted full vacation entitlement for the final calendar year of service.

  • Partial Employer Contribution - Basic Eligibility The following employees covered by this Agreement receive the full Employer Contribution for basic life coverage, and at the employee's option, a partial Employer Contribution for health and dental coverages if they are scheduled to work at least fifty (50) percent but less than seventy-five (75) percent of the time. This means:

  • Full Employer Contribution - Basic Eligibility Employees covered by this Agreement who are scheduled to work at least seventy-five (75) percent of the time are eligible for the full Employer Contribution. This means:

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