Retirement Benefit (Certified Staff Sample Clauses

Retirement Benefit (Certified Staff. A voluntary retirement program will be available to teachers who qualify for retirement benefits under the Illinois Teachers’ Retirement System and who accumulate at least fifteen (15) years of School District 122 teaching experience as of the date of retirement. Regular Retirement (Up to Four Year Plan with Salary Increases) Eligibility: The retirement benefit will be offered during all school years of this contract. Teachers requesting regular retirement must notify the superintendent in writing by February 1st each year of this Agreement. The Teacher’s notice may be provided up to four years prior to retirement, including the year that notice is given. The Board then agrees as follows:
Sample 1
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Retirement Benefit (Certified Staff. A. Employees meeting the requirements as hereinafter set forth and who retire in the first year that they are eligible to retire under the STRS/SERS rules shall receive a retirement benefit of Ten Thousand Dollars ($10,000) for certified employees and Seven Thousand Dollars ($7,000) for support staff or Four Thousand Dollars ($4,000) for certified employees and Three Thousand Dollars ($3,000) for support staff in any other year when they retire in accordance with the following:
Sample 1
Retirement Benefit (Certified Staff. 7.7.1 An EMPLOYEE tendering an irrevocable letter of resignation and retirement in conformance with the following conditions shall be eligible for a retirement incentive during his/her final three (3) years of teaching. (See NOTE at end of section for information about retirement calculations and required meeting prior to submission of retirement letter.) To be eligible, the EMPLOYEE must satisfy the requirements 1 through 3 below:
Sample 1

Related to Retirement Benefit (Certified Staff

  • Pension Contributions While on Short Term Disability Contributions for OMERS Plan Members When an employee/plan member is on short-term sick leave and receiving less than 100% of regular salary, the Board will continue to deduct and remit OMERS contributions based on 100% of the employee/plan member’s regular pay.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Retirement Payment Employees with 25 or more total years of service in the program, who give two months’ notice of intent to retire, shall be provided the equivalent of 16% of annual salary, or $16,000, whichever is greater, at date of termination. The payment shall not exceed $20,000.

  • RETIREMENT PICK-UP 257. For the term of this Agreement, the CITY shall pick up the full amount of the employees’ contribution to retirement.

  • Retirement Contribution The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications. Corrections Firearms Instructor Oil & Hazardous Material Responder I Oil & Hazardous Material Responder II

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

  • Retirement Bonus 22:01 Employees retiring in accordance with the following:‌

  • Retirement Savings 5.6.1 Principals are eligible to join a KiwiSaver scheme in accordance with the terms of those schemes.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one) ☐ - DO NOT have retirement plans. ☐ - HAVE retirement plans. The Couple has the following retirement plans: (“Retirement Plans”). Upon signing this Agreement, the Retirement Plans shall be owned by: (check one) ☐ - Husband ☐ - Wife ☐ - Both Spouses ☐ - Other. .

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

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