Pre-Retirement Programs Sample Clauses

Pre-Retirement Programs. The Employer shall arrange for pre-retirement training programs for employees who are within three (3) years of eligibility for full retirement. Such training shall be during regular work hours and eligible employees scheduled to work at that time shall be given time off to attend the training. Employees may attend only one (1) training session on work time each of the three (3) years.
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Pre-Retirement Programs. The Employer shall request the Public Employees Retirement System (PERS) to conduct preretirement programs, or may allow attendance at seminars conducted by PERS, or may conduct internally such programs for employees who are within five (5) years of eligibility for full retirement. Such training, if provided, shall be during regular working hours and eligible employees scheduled to work at that time shall be given time off to attend the trainings. Employees may attend only two (2) training sessions prior to retirement. One (1) of the two (2) trainings will be sponsored by OCSEA and conducted by OCSEA. Employees shall be given paid time off to travel to the training conducted by OPERS and given by OCSEA. Employees shall not receive reimbursement for travel expenses, including but not limited to mileage, overnight or meal expenses. The Employer will also allow employees who are within one year of eligibility for full retirement to schedule and attend one personal appointment at PERS to discuss their individual situation.
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Pre-Retirement Programs. The Ohio Public Employees Retirement System conducts pre-retirement programs. Employees shall be given time off during regular working hours to attend such training. Employees may attend only one (1) of each training session.
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Related to Pre-Retirement Programs

  • Retirement Program Any employee employed prior to October 1, 1977, working at least seventy (70) hours per month shall by law be a member of the Washington Public Employees Retirement system (PERS) Plan One. Any employee working at least seventy (70) hours per month, entering employment on or after October 1, 1977, shall by law be a member of the School Employees Retirement System, Plan Two or Three. The District shall provide each new employee information concerning PERS or SERS membership benefits.

  • Retirement Plans (a) In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (“Qualified Plans”) (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, Transfer Agent shall provide the following administrative services: (i) Establish a record of types and reasons for distributions (i.e., attainment of eligible withdrawal age, disability, death, return of excess contributions, etc.); (ii) Record method of distribution requested and/or made; (iii) Receive and process designation of beneficiary forms requests; (iv) Examine and process requests for direct transfers between custodians/trustees, transfer and pay over to the successor assets in the account and records pertaining thereto as requested; (v) Prepare any annual reports or returns required to be prepared and/or filed by a custodian of a Retirement Plan, including, but not limited to, an annual fair market value report, Forms 1099R and 5498; and file same with the IRS and provide same to Participant/Beneficiary, as applicable; and (vi) Perform applicable federal withholding and send Participants/Beneficiaries an annual TEFRA notice regarding required federal tax withholding. (b) Transfer Agent shall arrange for PFPC Trust Company to serve as custodian for the Retirement Plans sponsored by a Fund. (c) With respect to the Retirement Plans, Transfer Agent shall provide each Fund with the associated Retirement Plan documents for use by the Fund and Transfer Agent shall be responsible for the maintenance of such documents in compliance with all applicable provisions of the Code and the regulations promulgated thereunder.

  • 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.

  • Public Employees Retirement System “PERS”) Members.

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