Planning for Retirement Sample Clauses

Planning for Retirement. At retirement, an Employee may request to work his/her final twelve (12) months of employment without vacation in order to be eligible for pay in lieu of vacation. The maximum pay in lieu of vacation is thirty (30) days.

Planning for Retirement. Once you begin thinking about retirement, schedule an appointment with CalPERS to review your expected benefit and begin planning a retirement date. Generally, retiring just before the end of the calendar year is advantageous as CalPERS increases pension rates by a set percentage at the end of each calendar year. Also note that CEMA retirees are able to join the CEMA Retiree Chapter for a small annual fee. Refer to xxx.xxxxxx.xxx/xxxxxxx_xxxxxxxxx for more information. For any questions regarding your individual retirement or CalPERS formula, CalPERS is extremely helpful and schedules individual, virtual appointments with members through their website: xxxxxxx.xx.xxx For general questions, reach out to your CEMA Business Agent.

Planning for Retirement. Any certified employee planning to retire must notify the school district no later than September 1st of the year they plan to retire. If notification is not given to the district prior to that date, the certified employee will not legally be able to become a working retiree during the following year.

Planning for Retirement. A teacher hired after the effective date of this Agreement, if asked by the Administration, must provide the Superintendent or designee with the following information within 60 calendar days of the first day of employment and such other information as is appropriate to facilitate the implementation of this retirement program: 1. The number of years of creditable service with the Illinois Teachers’ Retirement System (“TRS”). 2. The number of years of creditable service with non-TRS retirement systems in Illinois and other states which may be used for creditable service with TRS. 3. Other optional service credit which may be available for creditable service with TRS, such as leaves of absence or military service. 4. The number of days of sick leave from other TRS-covered employers available for service credit with TRS. 5. The information will be submitted on a form developed by the Superintendent in consultation with the Union. Such information need not be updated again until the teacher applies to participate in this retirement program.