RETIREMENT ALLOWANCES. In consideration of long service, an employee who retires under the terms of the Public Sector Pension Plans Act, shall receive as a retiring allowance the following sums:
RETIREMENT ALLOWANCES. A. Curriculum Leaders who retire under the provisions of the Pennsylvania Employees Retirement System are eligible to participate in the Retirement Allowance programs provided in the professional employees Collective Bargaining Agreement.
B. Additional credit for years of service as a Curriculum Leader shall be paid at the rate of $200 per year.
C. Credit for accumulated sick days will be paid at the rate of $85 per day.
D. Paragraph D is only effective through June 30, 2015, Curriculum Leaders retiring with fifteen (15) years of service in the Upper St. Clair School District will be eligible to participate, for one-quarter year for each year of credited service in the Pennsylvania Public School Employee’s Retirement System (PSERS) or until the retiree becomes eligible for Medicare (whichever is earlier), in the health insurance programs applicable to active Curriculum Leaders. Such retired Curriculum Leaders will be responsible for deductibles and co-pays and will make the same monthly dollar contribution for health insurance benefits as is applicable to professional employees covered by the Agreement between the District and the USCEA at the time the Curriculum Leader retires. For retirees living outside of the AIU POS area, the School District may make managed care options, such as the Highmark PPO, available to such retirees.
E. Paragraph E is only valid through June 30th 2015. Retired Curriculum Leaders will be provided a term life insurance policy in the amount of $60,000 with the premium paid by the district. This insurance policy will remain in effect for one- quarter year for each year of credited service in the Pennsylvania Public School Employee’s Retirement System (PSERS) or until the retiree becomes eligible for Medicare, whichever is earlier.
RETIREMENT ALLOWANCES. A. Curriculum Leaders who retire under the provisions of the Pennsylvania School Employees Retirement System are eligible to participate in the Retirement Allowance programs provided in the professional employees collective bargaining agreement between the District and the USCEA.
B. Additional credit for years of service as a Curriculum Leader shall be paid at the rate of $225 per year.
C. Credit for accumulated sick days will be paid at the rate of $90 per day.
X. Xxxxxxxxxx Leaders retiring with fifteen (15) years of service in the District will be eligible to participate, for one-quarter year for each year of credited service in the Pennsylvania Public School Employee’s Retirement System (PSERS) or until the retiree becomes eligible for Medicare (whichever is earlier), in the health insurance programs applicable to active Curriculum Leaders. Such retired Curriculum Leaders will be responsible for deductibles and co-pays and will make the same monthly dollar contribution for health insurance benefits as is applicable to professional employees covered by the Agreement between the District and the USCEA at the time the Curriculum Leader retires. For retirees living outside of the geographic area, the District may make managed care options provided by the Allegheny County Schools Health Insurance Consortium available to such retirees as is applicable by the Agreement between the District and the USCEA at the time the Curriculum Leader retires.
E. Retired Curriculum Leaders will be provided a term life insurance policy in the amount of $60,000 with the premium paid by the district. This insurance policy will remain in effect for one-quarter year for each year of credited service in the Pennsylvania Public School Employee’s Retirement System (PSERS) or until the retiree becomes eligible for Medicare, whichever is earlier.
RETIREMENT ALLOWANCES. After a custodian has been working for the School Committee for a period of ten (10) years and is between 55 and 65 years of age, such custodian shall be paid upon retirement an allowance which will be calculated by multiplying forty ($40) dollars up to a maximum of 160 accumulated sick leave days. Payment will be made in the final paycheck provided the Committee is advised in writing of the intent to do so at least ninety (90) days in advance. If an employee provides the Committee six month’s notice in writing of his or her intention to retire they will receive an additional $1,100.
RETIREMENT ALLOWANCES. (a) Prior to issuing notice of layoff pursuant to article 13.02 in any classification(s), the Hospital will offer early retirement allowance to a sufficient number of employees eligible to early retirement under HOOPP within the classification (s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff under article 13.02.
(b) An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two (2) weeks’ salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of fifty-two (52) weeks’ salary.
RETIREMENT ALLOWANCES. (a) The Retirement Allowance for each Executive is the sum of the following amounts calculated by the Company, acting reasonably:
(i) 15.0% of that part of the Executive's Earnings (if any) attributable to the period determined as follows:
(A) determine the number of full months from the Executive's Hire Date up to and including December 31, 2003 and divide that number by 2; and
(B) The period for the purposes of this section 4.1(a)(i) shall be determined by counting back from December 31, 2003 that number of whole months that resulted from the calculation under section 4.1(a)(i)(A). that have vested in accordance with the provisions of section 4.2(a) of this ERA Plan. Interest shall accrue on the unpaid balance of this part of each Executive's Retirement Allowance from and after that date designated by the Company on Schedule "B" opposite such Executive's name, calculated in accordance with the provisions of section 3.3;
(ii) 15.0% of that part of the Executive's Earnings attributable to his/her Continuous Service. Interest shall accrue on the unpaid balance of this part of each Executive's Retirement Allowance from and after that date on which this part of the Executive's Retirement Allowance vests in accordance with the provisions of section 4.2(a) of this ERA Plan, calculated in accordance with the provisions of section 3.3; and
(iii) following any Change in Control, 15.0% of any entitlement of the Executive to a Severance Amount (as such term is defined the employee's Executive Severance Agreement). Interest shall accrue on the unpaid balance of this from and after that date on which this part of the Executive's Retirement Allowance vests in accordance with the provisions of section 4.2(a) of this ERA Plan calculated in accordance with the provisions of section 3.3. The Trustee shall have the right to review and confirm the calculations made by the Company for the Retirement Allowances of each of the Executives, and the Company agrees to provide copies of all of its working papers and other documents used by it in doing its calculations hereunder.
(b) Unless payment thereof is accelerated to a lump-sum payment obligation in those circumstances described in sections 5.1 of this ERA Plan, the Company agrees to pay to each Executive his/her Retirement Allowance by consecutive monthly payments commencing in the month immediately following the month in which his/her Retirement Date occurs and continuing thereafter for that period of whole years, being not ...
RETIREMENT ALLOWANCES. In consideration of long service at BC Assessment, an employee who retires under the terms of the Public Sector Pension Plans Act, shall receive as a retiring allowance the following sums:
(a) one and one-half days (10.5 hours) pay at the employee's then current base rate of pay for each year of service as defined in Article 22.10. Beginning in the 25th year, retirement allowance is calculated as follows: 25 38 days (266 hours) 26 40 days (280 hours) 27 42 days (294 hours) 28 45 days (315 hours) 29 47 days (329 hours) 30 50 days (350 hours) 31 52 days (364 hours) 32 53 days (371 hours) 33 55 days (385 hours) 34 56 days (392 hours) 35 57 days (399 hours) This retirement allowance shall not be payable if severance pay is payable pursuant to Articles 17, 30 or 31.02; and
(b) where an employee is entitled to take vacation in a year, but retires as described herein, then on retirement, a further retirement allowance shall be paid the employee based on the following formula:
RETIREMENT ALLOWANCES. An employee who retires under the terms of the Public Service Superannuation Act, or who has reached the mandatory retirement age of 65, in consideration of long service, shall receive as a retiring allowance the following sums:
RETIREMENT ALLOWANCES. In consideration of long service, an employee who retires under the terms of the Public Sector Pension Plans Act, shall receive as a retiring allowance the following sums:
(a) one and one-half days pay at the employee's then current rate of pay for each year of service as defined in Article 22.10. Beginning in the 25th year, retirement allowance is calculated as follows: 25 38 days 26 40 days 27 42 days 28 45 days 29 47 days 30 50 days 31 52 days 32 53 days 33 55 days 34 56 days 35 57 days This retirement allowance shall not be payable if severance pay is payable pursuant to Articles 17, 30 or 31.02; and
(b) where an employee is entitled to take vacation in a year, but retires as described herein, then on retirement, a further retirement allowance shall be paid the employee based on the following formula:
RETIREMENT ALLOWANCES. Preamble: • All employees hired on or after the date of ratification [November 16th, 2020] will not be eligible for the retirement allowance as per Article 42. • All employees within the bargaining unit at the date of ratification will continue to accumulate service towards the retirement allowance calculation.
42.1 Regular employees who are not on leave without pay at the time of retirement will receive a retirement allowance calculated in accordance with the terms of this Article.
