Common use of Phased Retirement Clause in Contracts

Phased Retirement. 34.01.04.01 Full-time members must give notice of intention to participate in the phased retirement program at the time they give notice of intention to retire (see Article 34.01.01) 34.01.04.02 All full-time members who have attained the age of 55 years, have at least 10 years of service with Lakehead University on July 1st in the year of retirement, and who have commenced retirement at the time the phased retirement program comes into effect are eligible for the phased retirement program. 34.01.04.03 Under the terms of phased retirement, on July 1st of the year of retirement, members shall be hired on a three year contract basis subject to the terms and conditions of the Agreement. The parties may include other terms and conditions provided such terms and conditions are acceptable to the Board, the Association, and the member. 34.01.04.04 An agreement to participate in the phased retirement program is revocable by the member. Article 34.02 shall be applicable in such cases. 34.01.04.05 The required workload of faculty members on phased retirement shall be composed exclusively of teaching duties. This does not preclude such members from volunteering for other duties/activities that are acceptable to his/her Xxxx. The normal teaching load of a member on phased retirement shall consist of four HCEs in Year 1, three HCEs in Year 2, and two HCEs in Year

Phased Retirement. 34.01.04.01 Full-time members must give notice of intention to participate in the phased retirement program at the time they give notice of intention to retire (see Article 34.01.01) 34.01.04.02 All full-time members who have attained the age of 55 years, have at least 10 years of service with Lakehead University on July 1st in the year of retirement, and who have commenced retirement at the time the phased retirement program comes into effect are eligible for the phased retirement program. 34.01.04.03 Under the terms of phased retirement, on July 1st of the year of retirement, members shall be hired on a three year contract basis subject to the terms and conditions of the Agreement. The parties may include other terms and conditions provided such terms and conditions are acceptable to the Board, the Association, and the member. 34.01.04.04 An agreement to participate in the phased retirement program is revocable by the member. Article 34.02 shall be applicable in such cases. 34.01.04.05 The required workload of faculty members on phased retirement shall be composed exclusively of teaching duties. This does not preclude such members from volunteering for other duties/activities that are acceptable to his/her Xxxx. The normal teaching load of a member on phased retirement shall consist of four HCEs in Year 1, three HCEs in Year 2, and two HCEs in YearYear 3. The normal period of library duty shall consist of two thirds of full-time duty in Year 1, one-half of full-time duty in Year 2, and one- third of full-time duty in Year 3, as arranged to the mutual agreement of the member and the University Librarian. 34.01.04.06 During the phased retirement program, only the scale increment adjustments in Article 35.