Common use of Retirement Age and Benefits Clause in Contracts

Retirement Age and Benefits. 17.1 An employee, upon retirement, shall be paid a retirement benefit of one hundred sixty- five dollars ($165) for each year of district seniority as defined in Article 9. If such employee does not qualify for retirement benefits with regard to length of service as specified by the Public School Employees Retirement System, the Xxxxxxxxxx retirement benefit shall be calculated and paid on the basis of creditable service according to the Public School Employees Retirement System.

Retirement Age and Benefits. 17.1 An employee, upon retirement, shall be paid a retirement benefit of one hundred sixty- five dollars ($165) for each year of district seniority as defined in Article 9. Employees hired on or after July 1, 2013 shall not be eligible for the retirement benefit of one hundred sixty-five dollars ($165) for each of district seniority. If such employee does not qualify for retirement benefits with regard to length of service as specified by the Public School Employees Retirement System, the Xxxxxxxxxx retirement benefit shall be calculated and paid on the basis of creditable service according to the Public School Employees Retirement System.

Retirement Age and Benefits. 17.1 A An employee, upon retirement, shall be paid a retirement benefit of one hundred sixty- five dollars ($165) for each year of district seniority as defined in Article 9. If such employee does Employees hired on or after July 1, 2013 shall not qualify be eligible for retirement benefits with regard to length of service as specified by the Public School Employees Retirement System, the Xxxxxxxxxx retirement benefit shall be calculated and paid on the basis of creditable service according to the Public School Employees Retirement Systemone hundred sixty-five dollars ($165) for each of district seniority.

Retirement Age and Benefits. 17.1 An employee, upon retirement, shall be paid a retirement benefit of one hundred sixty- five dollars ($165) for each year of district seniority as defined in Article 9. If such employee does Employees hired on or after July 1, 2013 shall not qualify be eligible for retirement benefits with regard to length of service as specified by the Public School Employees Retirement System, the Xxxxxxxxxx retirement benefit shall be calculated and paid on the basis of creditable service according to the Public School Employees Retirement Systemone hundred sixty-five dollars ($165) for each of district seniority.