Common use of Retirement Incentive Clause in Contracts

Retirement Incentive. ‌ 22.1 In each fiscal year during the life of the 2019-2022 collective agreement, the College shall make available to eligible faculty members five (5) full-time equivalent retirement incentives. The College may offer to a faculty member or a faculty member may request a retirement incentive as described herein, provided the faculty member meets the eligibility criteria set out below. The Association shall be advised in writing of any retirement incentive offer made to a faculty member.

Retirement Incentive. ‌ 22.1 23.1 In each fiscal year during the life of the 20192022-2022 2025 collective agreement, the College shall make available to eligible faculty members five (5) full-time equivalent retirement incentives. The College may offer to a faculty member or a faculty member may request a retirement incentive as described herein, provided the faculty member meets the eligibility criteria set out below. The Association shall be advised in writing of any retirement incentive offer made to a faculty member.