Retirement Incentive Amount. The amount of a full-time equivalent retirement incentive shall be $45,000, less deductions required by law. This amount shall be prorated for eligible part-time faculty members, based on the percentage of the faculty member’s part-time regular appointment. The College will structure each incentive payment in accordance with the retiring faculty member’s lawful instructions, subject to the College’s statutory obligations.
Appears in 4 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
