Retirement Benefits for Teachers Participating in the Retirement Restructuring Program Sample Clauses

Retirement Benefits for Teachers Participating in the Retirement Restructuring Program. A. All teachers who were (1) employed during the 2004-2005 school year, (2) whose first day of teaching was prior to the 2004-2005 school year, and (3) who did not elect the transition option benefits provided for in past Collective Bargaining Agreements, will receive retirement benefits only pursuant to this section.
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Retirement Benefits for Teachers Participating in the Retirement Restructuring Program. (*All Articles and Sections referenced refer to the 2003-2006 Collective Bargaining Agreement.) All teachers who were (1) employed during the 2004-2005 school year, (2) whose first day of teaching was prior to the 2004-2005 school year, and (3) who did not elect the transition option benefits provided for in Article XIII, Section 2*. will receive retirement benefits only pursuant to this section. Retirement Restructuring Lump Sum Contribution In response to both the mandates and opportunity provided by Senate Enrolled Act 199 (Acts of 2001) the Association and the School District engaged in a retirement restructuring review for several months in 2004. As a result of this restructuring, teachers who meet the qualifications in Section 3(A)* above: The amount of the buy-out contribution was actuarially determined and the amount of the buy-out contribution is set forth in a Memorandum of Agreement dated May 16, 2005 by and between the School District and the Association. The amount of the buy-out specified in the Memorandum of Agreement is enforceable through the grievance procedure of the Agreement. These contributions will be deposited as soon as possible following the teacher's enrollment.
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Retirement Benefits for Teachers Participating in the Retirement Restructuring Program 
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Related to Retirement Benefits for Teachers Participating in the Retirement Restructuring Program

  • Broad Participation Retirement Fund A fund established in The Bahamas to provide retirement, disability, or death benefits, or any combination thereof, to beneficiaries that are current or former employees (or persons designated by such employees) of one or more employers in consideration for services rendered, provided that the fund:

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  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

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