Common use of Retirement Eligibility Clause in Contracts

Retirement Eligibility. a. In order to be eligible for any district retirement benefits enumerated in this Article, an employee must have a minimum of fifteen (15) years’ service with the Medford School District, have qualified for district medical insurance, have not reached Medicare eligibility, and be eligible for full PERS benefits. To be eligible for full PERS benefits, the employee must attain the age designated by PERS for Tiers I, II, and OPSRP, or at any age with thirty (30) years of creditable service. For OPSRP employees to be eligible to receive the Early Retirement Payout, the employee will need to retire in the month that the employee becomes eligible for full PERS.

Retirement Eligibility. a. In order to be eligible for any district retirement benefits enumerated in this Articlearticle, an employee must have a minimum of fifteen (15) years’ service with the Medford School District, have qualified for district medical insurance, have not reached Medicare eligibility, and be eligible for full PERS benefits. To be eligible for full PERS benefits, the employee must attain the age designated by PERS for Tiers I, II, and OPSRPIII, or at any age with thirty (30) years of creditable service. For OPSRP Tier III employees to be eligible to receive the Early Retirement Payout, the employee will need to retire in the month that the employee becomes eligible for full PERS.

Retirement Eligibility. a. In order to be eligible for any district retirement benefits enumerated in this Articlearticle, an employee must have a minimum of fifteen (15) years’ service with the Medford School District, have qualified for district medical insurance, have not reached Medicare eligibility, and be eligible for full PERS benefits. To be eligible for full PERS benefits, the employee must attain the age designated by PERS of at least 58 years old for Tiers ITier 1, II, and OPSRPat least 60 years old for Tier 2, or at any age with thirty (30) years of creditable service. For OPSRP employees to be eligible to receive the Early Retirement Payout, the employee will need to retire in the month that the employee becomes eligible for full PERS.