Retirement Option. Provided that, at the time of election, the Employee (x) is actively employed by the Company, (y) has reached the age of 55, and (z) has been employed by the Company as member of the Executive Group for at least five years the Employee may elect, by providing written notice to the Company in the form attached hereto as Exhibit B, the Retirement Option, as outlined below:
Retirement Option. Teachers, who leave service prior to completion of eligibility for the “Career Service Recognition Payment,” shall receive one-half of the remaining amount paid into a “Special Pay” or 403(b) account designated by the teacher no later than November 15 following retirement. The other one-half shall be paid to the District-approved HCSP account no later than November 15 following retirement.
Retirement Option. Teachers may choose one of the following options for their retirement year:
Retirement Option. 9.18 Before issuing notice of long term layoff pursuant to Article 9.02a.ii and following notice pursuant to Article 9.02a.i, the Hospital will make offers of early retirement allowance in accordance with the following conditions:
Retirement Option. An ESP employee planning to retire should notify the Director of Human Resources at least 2 months before the retirement date (Board Policy 5:290). Employees serving twenty (20) years or more in a full-time positions in Yorkville CUSD 115 who elect to retire under IMRF will receive a benefit of three percent (3%) of their next to final 12-month average base salary (e.g., 3% shall be the complete salary increase for the retiring employee) paid as part of the regular paycheck in the final year of employment, provided that the employee electing to receive this benefit submits to the Board an irrevocable letter of retirement effective at the end of his/her retirement year. The letter of retirement must be submitted no later than fourteen (14) months preceding the employee’s retirement date.
Retirement Option. Any employee who officially retires while in the employment of the Pleasantville Public Schools from the New Jersey Teachers Pension and Annuity Fund or the New Jersey Public Employees Retirement System may purchase health insurance from the School District by prepaying the group rate for the insurance three (3) full months in advance. Should the employee thereafter fail to pay in advance on a quarterly basis, participation and/or family participation will terminate immediately from the employer’s master plan. Within thirty (30) days of such termination, the employee will be notified after which the Board of Education will have no responsibility or liability for any expenses incurred for health related reasons that are normally covered by the health insurance v program.
Retirement Option. If an employee is not fully vaccinated by November 1, 2021 and has officially submitted retirement paperwork to DRS and provided a copy to HR, the employee may use accrued annual leave, personal holidays, or leave without pay until their retirement date. This provision expires on December 31, 2021. The use of accrued leave shall be subject to the definitions and provisions contained in the Collective Bargaining Agreement.
Retirement Option. If an employee is not fully vaccinated by October 29, 2021 or the date of expiration on any vaccination deadline extension granted by NJP and has officially notified HR of their intent to retire, the employee may use accrued annual leave, personal holidays, or leave without pay until their retirement date. This provision expires on December 31, 2021.
Retirement Option. In addition to the salary increase noted above, the participating teacher may elect ONE of the following post-retirement options:
Retirement Option. Provided that, at the time of election, the Executive (a) is actively employed by the Company, (b) has reached the age of fifty-five, and (c) has been employed by the Company as member of the Executive Group (as defined in Section 3.6) for at least five years the Executive may elect, by providing written notice to the Company in the form attached hereto as Exhibit “B,” the Retirement Option, as outlined below:
