Common use of Retired Clause in Contracts

Retired. A non-tenure track paid appointment post-retirement. A bargaining unit 37 faculty member is considered to be retired if they resign, is non-renewed, or is terminated 38 without cause from employment with the university, or enters into a tenure reduction or 39 relinquishment agreement and is: 41 i. eligible for unreduced or reduced benefits under the Public Employees Retirement 42 System (for participants in PERS) or the Oregon Public Service Retirement 43 Program (for participants in OPSRP); 45 ii. eligible under Internal Revenue Service rules to withdraw funds from an account 46 established under Optional Retirement Plan and meets the requirements for 1 unreduced or reduced benefits under, depending on date of hire, PERS Tier 1 or 2 2 or the OPSRP. 4 This classification includes the post-retired or emeritus faculty described in Article 1, 5 Recognition.

Retired. A non-tenure track paid appointment post-retirement. A bargaining unit 37 35 faculty member is considered to be retired if they resign, is non-renewed, he or she resigns or is terminated 38 36 without cause from employment with the university, university or enters into a tenure reduction 37 or 39 relinquishment agreement and is: 41 38 i. eligible for unreduced or reduced benefits under the Public Employees 40 Retirement 42 System (for participants in PERS) or the Oregon Public Service 41 Retirement 43 Program (for participants in OPSRP); 45 42 43 ii. eligible under Internal Revenue Service rules to withdraw funds from an 44 account 46 established under Optional Retirement Plan and meets the 45 requirements for 1 unreduced or reduced benefits under, depending on date of 46 hire, PERS Tier 1 or 2 2 or the OPSRP. 4 This classification includes the post-post-47 retired or emeritus faculty described in Article 1, 5 Recognition.. 48

Retired. A non-tenure track paid appointment post-retirement. A bargaining unit 37 39 faculty member is considered to be retired if they resign, is non-renewed, or is terminated 38 40 without cause from employment with the university, university or enters into a tenure reduction or 39 41 relinquishment agreement and is: 41 : 43 i. eligible for unreduced or reduced benefits under the Public Employees Retirement 42 44 System (for participants in PERS) or the Oregon Public Service Retirement 43 45 Program (for participants in OPSRP); 45 ; 1 ii. eligible under Internal Revenue Service rules to withdraw funds from an account 46 2 established under Optional Retirement Plan and meets the requirements for 1 3 unreduced or reduced benefits under, depending on date of hire, PERS Tier 1 or 2 2 4 or the OPSRP. 4 This classification includes the post-retired or emeritus faculty 5 described in Article 1, 5 Recognition.

Retired. A non-tenure track paid appointment post-retirement. A bargaining unit 37 39 faculty member is considered to be retired if they resign, is non-renewed, or is terminated 38 40 without cause from employment with the university, university or enters into a tenure reduction or 39 41 relinquishment agreement and is: 41 42 43 i. eligible for unreduced or reduced benefits under the Public Employees Retirement 42 44 System (for participants in PERS) or the Oregon Public Service Retirement 43 45 Program (for participants in OPSRP); 45 ; 1 ii. eligible under Internal Revenue Service rules to withdraw funds from an account 46 2 established under Optional Retirement Plan and meets the requirements for 1 3 unreduced or reduced benefits under, depending on date of hire, PERS Tier 1 or 2 2 4 or the OPSRP. 4 This classification includes the post-retired or emeritus faculty 5 described in Article 1, 5 Recognition.

Retired. A non-tenure track paid appointment post-retirement. A bargaining unit 37 36 faculty member is considered to be retired if they resign, is non-renewed, he or she resigns or is terminated 38 37 without cause from employment with the university, university or enters into a tenure reduction 38 or 39 relinquishment agreement and is: 41 39 40 i. eligible for unreduced or reduced benefits under the Public Employees 41 Retirement 42 System (for participants in PERS) or the Oregon Public Service 42 Retirement 43 Program (for participants in OPSRP); 45 43 44 ii. eligible under Internal Revenue Service rules to withdraw funds from an 45 account 46 established under Optional Retirement Plan and meets the 46 requirements for 1 unreduced or reduced benefits under, depending on date of 47 hire, PERS Tier 1 or 2 2 or the OPSRP. 4 This classification includes the post-post- 48 retired or emeritus faculty described in Article 1, 5 Recognition.