Phased Retirement. This option provides for reduced levels of employment following official retirement. It is available to tenured academic employees ages 55 to 70 or to those under age 55 who have accumulated at least fifteen (15) years of full-time academic employee service at Tacoma Community College. The duration may continue up to a maximum five (5) years after retirement. The workload during the reduced retirement period may not exceed (1/3) per quarter of the employee’s normal full time workload per quarter. During the reduced retirement period, the employees will have the same assurance of work assignment they would have as a full-time employee. The level of compensation will be a proportion of the normal full-time salary for the position to which the employee is assigned during the phased retirement period.
Appears in 2 contracts
Samples: Faculty Negotiated Agreement, Faculty Negotiated Agreement
Phased Retirement. This option provides for reduced levels of employment following official retirement. It is available to tenured academic employees ages 55 to 70 or to those under age 55 who have accumulated at least fifteen (15) years of full-time tenured academic employee service at Tacoma Community College. The duration may continue up to a maximum five (5) years after retirement. The workload during the reduced retirement period may not exceed (1/3) per quarter of the employee’s normal full time workload per quarter. During the reduced retirement period, the employees will have the same assurance of work assignment they would have as a full-time tenured employee. The level of compensation will be a proportion of the normal full-time salary for the position to which the employee is assigned during the phased retirement period.
Appears in 2 contracts
Samples: Faculty Negotiated Agreement, Faculty Negotiated Agreement
