Common use of Retiree Definition Clause in Contracts

Retiree Definition. There are three types of retiree status. For all three types the former faculty or staff member must have served in a status position for a period equal to 10 or more years of service at the time of retirement or departure from USNH active service status. 9.2.1.1 Retiree (ARC) – a faculty or staff member with the Additional Retirement Contribution Plan either by choice or by beginning employment within USNH on or after 7/1/94, and who has reached at least age 62. 9.2.1.2 Retiree (Benefits) – a former faculty or staff member hired prior to 7/1/94 who has reached at least age 62 and has 10 or more years of full- time service and at least 10 years of participation in a USNH sponsored retirement plan, and who chose the retiree medical coverage instead of the additional retirement contribution (ARC). 9.2.1.3 Retiree (Cooperative Extension) – a former faculty or staff member within Cooperative Extension who meets the requirements for retirement under the Civil Service Retirement System.

Retiree Definition. There are three types of retiree status. For all three types the former faculty or staff member must have served in a status position for a period equal to 10 or more years of service at the time of retirement or departure from USNH active service status. 9.2.1.1 Retiree (ARC) – a faculty or staff member with the Additional Retirement Contribution Plan either by choice or by beginning employment within USNH on or after 7/1/94, and who has reached at least age 62. 9.2.1.2 Retiree (Benefits) – a former faculty or staff member hired prior to 7/1/94 who has reached at least age 62 and has 10 or more years of full- full-time service and at least 10 years of participation in a USNH sponsored retirement plan, and who chose the retiree medical coverage instead of the additional retirement contribution (ARC). 9.2.1.3 Retiree (Cooperative Extension) – a former faculty or staff member within Cooperative Extension who meets the requirements for retirement under the Civil Service Retirement System.