Common use of Reduction of Duties - Pre-Retirement Election Clause in Contracts

Reduction of Duties - Pre-Retirement Election. 10.18.2.1 Members on tenured or continuing appointments who have reached or exceeded the Normal Retirement Date for Members, as defined in the University of Manitoba Pension Plan (1993), including those Members who have been forced to exercise their pension rights under the University of Manitoba Pension Plan solely due to the applicability of age maximums imposed by law, shall, upon application, receive a reduction of fifty percent (50%) of his/her duties and shall continue in his/her position on a half-time appointment for up to five (5) years after which the Member shall retire.

Appears in 6 contracts

Samples: Agreement, Agreement, Agreement

AutoNDA by SimpleDocs

Reduction of Duties - Pre-Retirement Election. 10.18.2.1 Members on tenured or continuing appointments who have reached or exceeded the Normal Retirement Date for Members, as defined in the University of Manitoba Pension Plan (1993), including those Members who have been forced to exercise their pension rights under the University of Manitoba Pension Plan solely due to the applicability of age maximums imposed by law, shall, upon application, receive a reduction of fifty percent (50%) of his/her her/their duties and shall continue in his/her her/their position on a half-time appointment for up to five (5) years after which the Member shall retire.

Appears in 2 contracts

Samples: Agreement, Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.