Pre-Fifty-Five Corrections Early Retirement Plan Incentive Sample Clauses

Pre-Fifty-Five Corrections Early Retirement Plan Incentive. Any nurse who attains the age of fifty (50) after the effective date and before the expiration date of the contract and who is appointed to a classification covered by the Correctional Employees Retirement Plan (M.S. §§352.91 and 352.911) who retires at or after his/her fiftieth (50th) birthday but before his/her fifty-fifth (55th) birthday shall be entitled to participate in the Pre-Fifty-Five Corrections Early Retirement Plan Incentive in accordance with the provisions set forth in Section 3C3b or 3C3c below. Notwithstanding any changes in coverage in accordance with this or any subsequent Agreement, the Employer contribution shall be equal to one hundred twenty (120) times the amount of the monthly Employer contribution applicable to that nurse at the time of his/her retirement, divided by the number of months until the nurse attains the age of sixty-five (65).
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Pre-Fifty-Five Corrections Early Retirement Plan Incentive. Any nurse who 17 attains the age of fifty (50) after the effective date and before the expiration date of 18 the contract and who is appointed to a classification covered by the Correctional

Related to Pre-Fifty-Five Corrections Early Retirement Plan Incentive

  • Early Retirement Incentive The College may offer to a faculty member or a faculty member may request a choice of one of the early retirement incentive alternatives described herein, provided the faculty member meets the following criteria. The Association shall be advised in writing of any offer of early retirement made to a faculty member.

  • Deferred Compensation Program ‌ Unit members shall continue to be eligible to join the County’s Deferred Compensation Plan. Said employees will be bound by the same Plan, rules and participation agreements as are generally applicable to other County employees. DSA acknowledges that County retains the right to alter, amend, or repeal the current plan, rules, and participation agreements, at any time. The County shall not charge an administrative fee to participating employees.

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