Preretirement Sample Clauses

Preretirement. As of July 1, the board shall grant a preretirement leave for the current school year to the teacher who so requests if such a measure actually reduces the number of teachers on availability at the board. However, no later than August 15, the leave may be cancelled, by means of a mere written notice, if the board ascertains at that time that it no longer has the effect of actually reducing the number of teachers on availability at the board.
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Preretirement. 14.1 Effective July 1, 2008 a longevity payment of $750.00 annually for three (3) years will be added to the basic salary schedule, if an employee has completed twelve (12) full years of service in the Andover Public Schools and has furnished, in writing, to the Superintendent by November 1 of the year prior to the commencement of the three (3) year terminal period, a notice of intent to retire. This amount will be pro-rated according to employment status. Payment of the $750.00 will be made each year on the anniversary date of the expected retirement.
Sample 1
Preretirement. As of July 1, the board shall grant a preretirement leave for the current school year to the teacher who so requests if such a measure actually reduces the number of teachers on availability at the board. However, no later than August 15, the leave may be cancelled, by means of a mere written notice, if the board ascertains at that time that it no longer has the effect of actually reducing the number of teachers on availability at the board. a) The preretirement leave shall be for a complete year; it may be for less than one full year if it comes into effect after the beginning of the work year. During the leave, the teacher shall receive 50% of the salary he or she would have received had he or she been at work. b) The duration of the preretirement leave shall count as a period of service for the purposes of the three pension plans (CSSP, RREGOP and TPP) currently in force. c) The preretirement leave shall take place during the year preceding the year during which the teacher is entitled for the first time to a pension without reduction, according to the pension plan applicable to him or her. d) At the end of the preretirement leave, the teacher concerned shall automatically resign and shall be considered as having retired. e) During the preretirement leave, the teacher is entitled to the benefits prescribed in the agreement, provided they are compatible with the nature of the leave. f) During the preretirement leave, the teacher may not hold a contract of employment with an employer in the public and parapublic sectors. When there is no teacher on availability at the board or no teacher on availability at the board meets the requirements prescribed in clauses 5-21.05 and 5-21.06 to fill a full-time teaching position, the Provincial Relocation Bureau may authorize the board to grant a preretirement leave to a teacher, provided that the leave granted allows a teacher on availability to be relocated to the board from another board.
Sample 1

Related to Preretirement

  • Survivor Benefit Upon the death of a regular employee who leaves a spouse and/or dependants enrolled in the Medical Services Plan, Dental Plan and Extended Health Benefit Plan, such enrolment may continue for twelve (12) months following the employee’s death, provided the enrolled family members pay the employee’s share of the cost of the premium for the plans. The Employer shall advise the survivor of this benefit.

  • Survivor’s Benefits Benefits for the surviving family members of individuals who have died from COVID–19, including cash assistance to widows, widowers, or dependents of individuals who died of COVID–19.

  • Survivor Benefits 1. A surviving dependent of a retiree who was eligible to receive a Retiree Medical Grant, as stated above in A through C, and who qualifies for a monthly allowance shall be eligible for fifty (50) percent of the Grant authorized for the retiree.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • Annuity 24.1 If the policy schedule states that the insured amount is a surviving dependant's annuity within the meaning of Section 3.125(1)(b) of the Income Tax Act 2001, this article shall apply.

  • Death Benefits Upon the Executive's death during the Contract Period, his estate shall not be entitled to any further benefits under this Agreement.

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one) ☐ - DO NOT have retirement plans. ☐ - HAVE retirement plans. The Couple has the following retirement plans: (“Retirement Plans”). Upon signing this Agreement, the Retirement Plans shall be owned by: (check one) ☐ - Husband ☐ - Wife ☐ - Both Spouses ☐ - Other. .

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