R etirement Sample Clauses

R etirement. S ection 1: Effective September 1, 2019, employees that give notice of retirement at least four (4) months prior to their last date of work shall be awarded an incentive payment of $500. HEALTH INSURANCE ● Effective September 1, 2019, the Committee will implement the below changes to the PPO health insurance plan it offers employees.
Sample 1
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R etirement. The City agrees to maintain coverage under the Oregon Public Employee's Retirement System (PERS), or its successor, for all members of the bargaining unit. The City also agrees to contribute to said retirement system the employee portion of contributions in accordance with the rules and rates as established by PERS.
Sample 1
R etirement. Employees who have accumulated at least 50 unused sick leave days may, upon retirement, be reimbursed up to a maximum of 50 sick leave days at 50% per diem. Retiring employees may also utilize any unused, non-reimbursed sick leave days towards pension service credit in accordance with IMRF rules and regulations.
Sample 1
R etirement. The Employer shall establish a qualified 401(a) Retirement Plan for each teacher employed under a teacher’s contract with the Elkhart Community Schools on January 1, 2006, or on a Board approved Leave of Absence. A teacher must have served in the Elkhart Community Schools fifteen (15) years in the Elkhart Community Schools, reached the age of fifty-five (55), and retire from employment with Elkhart Community Schools to be vested in the 401(a)
Sample 1
R etirement. 21.1 The District will pay into the Public Employees Retirement System (P.E.R.S.) or the Teacher’s Retirement System (TRS) the District's costs as levied by those agencies.
Sample 1
R etirement. Permanent employees who are 55 years of age or over and have a minimum of ten (10) years of continuous employment shall, upon retirement, be paid severance pay equal to the product obtained by multiplying their weekly rate of pay upon retirement by the number of years of continuous employment, to a maximum of twenty-five (25) weeks’ pay less any severance pay granted under Article 27.01.
Sample 1

Related to R etirement

  • Retirement Retirement" shall mean voluntary termination by the Executive in accordance with the Employers' retirement policies, including early retirement, generally applicable to their salaried employees.

  • Normal Retirement Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

  • RETIREMENT PICK-UP 257. For the term of this Agreement, the CITY shall pick up the full amount of the employees’ contribution to retirement.

  • Retirement Savings 5.6.1 Principals are eligible to join a KiwiSaver scheme in accordance with the terms of those schemes.

  • Deferred Retirement a. An employee who, upon separation from County service, is eligible for paid retirement and elects deferred retirement must defer participation in the Grant until such time as he or she becomes an active retiree.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Retirement Pay Any teacher with ten (10) years consecutive teaching experience in the Park Hill School District immediately prior to retirement from PSRS without an age reduction for early retirement, shall receive upon retirement from the Park Hill School District a terminal amount based upon the following formula: (Notation, the teacher must make application to PSRS for retirement and begin drawing from PSRS on the first available month following retirement). Years of service to the Park Hill School District to be divided by ten (10) and multiplied by one-ninth (1/9) of the last completed contract. Retirement notification after December 15 for the current academic year will result in a reduction of $1,000.00 from the total under Article 36. In the event of a sudden severe illness of the teacher, teacher’s legally recognized spouse, and/or child, the transfer of a legally recognized spouse, or being called into active military duty may be cause for the District not to impose the late notification reduction of $1,000.00. A teacher who otherwise qualifies for payment under Article 36 and dies while currently classified as an active employee will receive such payment.

  • Benefits on Early Retirement The Hospital will provide equivalent coverage to all employees who retire early and have not yet reached age 65 and who are in receipt of the Hospital’s pension plan benefits on the same basis as is provided to active employees for semi-private, extended health care and dental benefits. The Hospital will contribute the same portion towards the billed premiums of these benefits plans as is currently contributed by the Hospital to the billed premiums of active employees.

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Vacation Pay on Retirement Termination is as follows:

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