Common use of Retirement Incentive Clause in Contracts

Retirement Incentive. Individuals may access either this section or section 406.2, but cannot access both at the same time. The Board agrees to pay the staff member’s contribution under the Five Plus Five early retirement option within the legislative and/or regulatory guidelines of such program. Increases in individual retirement contributions required by legislative and/or regulatory guidelines beyond the contributions contained within this agreement shall not be the responsibility of the Board but shall remain the sole responsibility of the staff member. Custodial and Maintenance personnel may elect one of the following retirement options:

Appears in 5 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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Retirement Incentive. Individuals may access either this section or section 406.2307.2, but cannot access both at the same time. The Board agrees to pay the staff member’s contribution under the Five Plus Five early retirement option within the legislative and/or regulatory guidelines of such program. Increases in individual retirement contributions required by legislative and/or regulatory guidelines beyond the contributions contained within this agreement shall not be the responsibility of the Board but shall remain the sole responsibility of the staff member. Custodial and Maintenance personnel Educational Support Personnel may elect one of the following retirement options:

Appears in 5 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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