Regular Retirement Plan Sample Clauses

Regular Retirement Plan. 8.06.03.A To be eligible, an individual must have completed at least ten (10) consecutive years of teaching full-time or part-time in Glenbard Township High School District #87 immediately preceding his/her retirement under the provisions of the Illinois Teachers’ Retirement Act, the Teachers’ Retirement System and this section. The individual must also have 35 years in Teachers’ Retirement System or be 60 years old within six months of the last day of school so that there is no retirement penalty for the Board.
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Regular Retirement Plan. I hereby agree to reduce my eligible compensation by 5% each pay period, effective with the pay period beginning the 1st / 16th day of , 20 , and the university agrees to contribute the amount of my salary reduction to a nonforfeitable retirement annuity contract or custodial account issued by TIAA, subject to the terms and conditions of the retirement annuity contract or custodial account and the St. Edward’s University, Inc. Retirement Plan. I elect for my 5% contributions to be PRE-TAX AFTER-TAX (XXXX) By my signature below, I verify that I have completed the enrollment process of the above named financial company. SUPPLEMENTAL RETIREMENT PLANS PRE-TAX SUPPLEMENTAL RETIREMENT PLAN: I hereby agree to reduce my eligible compensation by $ each pay period, effective with the pay period beginning the 1st / 16th day of , 20 , and the university agrees to contribute the amount of my salary reduction to a nonforfeitable retirement annuity contract or custodial account issued by TIAA-CREF, subject to the terms and conditions of the retirement annuity contract or custodial account. By my signature below, I verify that I have completed the enrollment process of the above named financial company. XXXX RETIREMENT PLAN: I hereby agree to reduce my eligible compensation by $_ each pay period, effective with the pay period beginning the 1st / 16th day of , 20 , and the university agrees to contribute the amount of my salary reduction to a nonforfeitable retirement annuity contract or custodial account issued by TIAA-CREF, subject to the terms and conditions of the retirement annuity contract or custodial account. By my signature below, I verify that I have completed the enrollment process of the above named financial company. I agree that this Agreement is binding with respect to salary earned while it is in effect. I understand that new enrollments into the regular and/or supplemental retirement plans go into effect the first day of the month coinciding or following the date the university receives this written notice. I may change the amount of my salary reduction one time each month by filing a written notice of change with the university prior to the pay period I wish the change to be effective. Changes and modifications to existing enrollments may take effect either the first or sixteenth of the month, whichever is most administratively feasible. I further understand that I may terminate this Agreement at any time by filing a written notice of termination with the...
Sample 1

Related to Regular Retirement Plan

  • VESTED RETIREMENT GRATUITY VOLUNTARY EARLY PAYOUT a) An Employee eligible for a Sick Leave Credit retirement gratuity as per Appendix A shall have the option of receiving a payout of his/her gratuity on August 31, 2016, or on the employee’s normal retirement date.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Oregon Public Service Retirement Plan Pension Program Members For purposes of this Section 2, “employee” means an employee who is employed by the State on or after August 29, 2003 and who is not eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • 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.

  • Group Registered Retirement Savings Plan 9.9.1 The College agrees to implement a group Registered Retirement Savings Plan for participation by employees. For regular employees who wish to participate in the Plan, the College agrees to contribute the total amount of the annual contribution by the fifteenth of the first month of the Benefit Year. The employee shall repay that contribution through payroll deduction in equal instalments throughout the Benefit Year.

  • Normal Retirement Date The date on which the Executive attains age sixty-five (65).

  • Non-Retirement Savings Accounts An account maintained in the Cayman Islands (other than an insurance or Annuity Contract) that satisfies the following requirements under the laws of the Cayman Islands.

  • Beneficiary Rollovers from Employer-Sponsored Retirement Plans If you are a spouse Beneficiary, nonspouse Beneficiary, or the trustee of an eligible type of trust named as Beneficiary of a deceased employer plan participant, you may directly roll over inherited assets from a qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, or 457(b) governmental deferred compensation plan to an inherited IRA. The IRA must be maintained as an inherited IRA, subject to the beneficiary distribution requirements.

  • 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.

  • Public Employees Retirement System “PERS”) Members. For purposes of this Section 1, “employee” means an employee who is employed by the State on August 28, 2003 and who is eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

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