Retirement Incentive Benefit Plan Sample Clauses

Retirement Incentive Benefit Plan. The Board shall recognize the service of full-time teachers who have rendered a total of at least eighteen (18) years of creditable service to the District, a minimum of 10 years consecutive, and who are eligible to receive retirement pension benefits through the regular provisions of the Teachers’ Retirement System of the state of Illinois. This incentive program excludes any teacher eligible to receive any retirement option under the “Early Retirement Option” provision of the TRS Illinois Pension Act or any other program sponsored by the State of Illinois.
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Retirement Incentive Benefit Plan. The Board shall recognize the service of teachers who have rendered at least ten (10) years of creditable service to District 73½ immediately preceding retirement, and who are eligible to receive regular retirement pension benefits through the Teachers’ Retirement System of the State of Illinois under the following plan.
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Retirement Incentive Benefit Plan. The Board shall recognize the service of full- time teachers who are eligible to receive retirement pension benefits through the regular retirement provisions of the Teachers’ Retirement System of the state of Illinois (i.e. excluding those teachers eligible to receive any retirement option under the “early Retirement Option” provision of Section 16-133.2 of the TRS Illinois Pension Act).
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Retirement Incentive Benefit Plan. The Board shall recognize the service of full-time IMRF bargaining unit members who have rendered at least ten (10) years of creditable service to District 3 immediately preceding retirement.
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Retirement Incentive Benefit Plan. The Board will recognize the service of support personnel who have rendered at least ten (10) continuous years of creditable service to the District immediately preceding retirement, and who are eligible to receive regular retirement pension benefits through Illinois Municipal Retirement Fund (IMRF).
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Retirement Incentive Benefit Plan. The Board shall recognize the service of full-time teachers who have rendered a total of at least ten
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Retirement Incentive Benefit Plan. Administrators are required to provide notification of retirement 6 months prior to their actual retirement date. Administrators who are eligible without reduction in benefits to retire under the rules governing the New York State Teachers Retirement System shall receive $100 for each unused sick day, up to a maximum of 350 days for the period of July 1, 2017 through June 30, 2019. Beginning July 1, 2019, the maximum unused sick time will be 300 days.
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Retirement Incentive Benefit Plan 
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Related to Retirement Incentive Benefit Plan

  • RETIREMENT INCENTIVE PROGRAM A. A Retirement Incentive Program will be provided by the District based upon the conditions stipulated below:

  • Retirement Incentive a) If an employee gives the Board an irrevocable notice of retirement by February 1st four (4) years prior to the school year of retirement, the Board shall pay him/her a six percent (6%) retirement incentive, inclusive of all other increases in TRS creditable compensation, for each of his/her remaining four (4) years of service. If an employee gives the Board an irrevocable notice of retirement by February 1st three (3) years prior to the school year of retirement, the Board shall pay him/her a six percent (6%) retirement incentive, inclusive of all other increases in TRS creditable compensation, for each of his/her remaining three (3) years of service. If an employee gives the Board an irrevocable notice of retirement by February 1st two (2) years prior to the school year of retirement, the Board shall pay him/her a six percent (6%) retirement incentive, inclusive of all other increases in TRS creditable compensation, for each of his/her remaining two (2) years of service. If an employee gives the Board an irrevocable notice of retirement by February 1st one (1) year prior to the school year of retirement, the Board shall pay him/her a six percent (6%) retirement incentive, inclusive of all other increases in TRS creditable compensation, for his/her remaining year of service. Once an employee submits an irrevocable notice of retirement by February 1st, that employee shall be removed from the salary schedule contained in Article IX of this Agreement at the beginning of the following school year. All calculations for increased TRS creditable earnings will be based on the TRS creditable earnings in the year of the submission of the irrevocable notice of retirement. Once the employee submits an irrevocable notice of retirement an employee’s creditable earnings shall be increased by six percent (6%) of the year of submission, but in no case will the employee’s TRS creditable earnings increase exceed six percent (6%) of the year of submission. If, after submitting an irrevocable notice of retirement by February 1st, the employee resigns from, or is dismissed from duties for which the employee was paid a stipend or additional compensation the previous year, the retirement incentive for that employee will be recalculated accordingly.

  • EARLY RETIREMENT INCENTIVE PLAN 1. The Board will pay an allowance to continuing contract teachers who retire from teaching in the District under the Teachers' Pension Plan, before reaching age sixty (60), subject to the following conditions: The teacher must:

  • Sick Leave Benefit Plan The Sick Leave Benefit Plan will provide sick leave days and short term disability days for reasons of personal illness, personal injury, including personal medical appointments and personal dental appointments.

  • RETIREMENT INCOME PLAN 18.01 The Nursing Homes and Related Industries Pension Plan In this Article, the terms used shall have the meanings as described:

  • Health Benefit Plan Par. 1. The Health Benefit Plan covering life insurance, sickness and accident benefits, and hospitalization insurance, or any changes thereto that are in accordance with the National Elevator Industry Health Benefit Plan and Declaration of Trust, shall be a part of this Agreement and adopted by all parties signatory thereto.

  • Early Retirement Incentive The Employer may offer to any faculty member or a faculty member may apply for one of the early retirement incentive alternatives described herein, provided the faculty member meets the following criteria. The Union shall be advised in writing of any offer of early retirement made to a faculty member.

  • Deferred Compensation Plan Manager shall be eligible to participate in the First Mid-Illinois Bancshares, Inc. Deferred Compensation Plan in accordance with the terms and conditions of such Plan.

  • Pension Benefits Each party reserves the right to retain as his or her sole and absolute separate property, the entire interest in pension benefits now vested, or that become vested in the future, and the right to manage, control, transfer, and convey all such property and dispose of the same by will, beneficiary designation or otherwise, without any interference from the other. The parties acknowledge that this Agreement shall constitute an effective waiver of any rights in the other's pension benefit plans. Furthermore, each party agrees to execute whatever additional waiver document may be necessary or useful to confirm such waiver of rights to the other party's pension benefit plans.

  • Defined Benefit Pension Plan 1. The Employer and the Union hereby agree to the continuation of the existing Northern California Glaziers, Architectural Metal and Glass Workers Pension Trust Agreement ("Defined Benefit Pension Trust").

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