Common use of RETIREMENT OPTIONS AND BENEFITS Clause in Contracts

RETIREMENT OPTIONS AND BENEFITS. 13.1 A faculty member may exercise the right to retire from the District when qualifying under the rules and regulations established by the State Teachers’ Retirement System (STRS) or the Public Employees’ Retirement System (PERS), whichever is applicable. 13.2 By mutual agreement with the District, faculty members shall be allowed to participate in a Reduced Workload Program for up to ten (10) years preceding their retirement. Under this program, the faculty member shall be assigned a minimum of fifteen (15) teaching units for the entire year or at least the equivalent of a fifty percent (50%) assignment for each year before retirement. Sick leave will accrue on a prorated basis. The District and the faculty member shall each contribute to the applicable retirement fund the amount that would have been contributed by each had the faculty member been employed on a full-time basis. The District will provide all health benefits (including life insurance) to the faculty member during this time as if the faculty member were on a full-time assignment. Modification to this program created by legislation or regulation of the applicable retirement system shall supersede the provisions of this Agreement. 13.3 Faculty members hired prior to February 1, 1995, who retire from District service, shall designate one of the following retiree medical benefits options at the time the faculty member’s retirement forms are submitted to the District:

RETIREMENT OPTIONS AND BENEFITS. 13.1 A faculty member may exercise the right to retire from the District when qualifying under the rules and regulations established by the State Teachers’ Retirement System (STRS) or the Public Employees’ Retirement System (PERS), whichever is applicable. 13.2 By mutual agreement with the District, faculty members shall be allowed to participate in a Reduced Workload Program for up to ten (10) years preceding their retirement. Under this program, the faculty member shall be assigned a minimum of fifteen (15) teaching units for the entire year or at least the equivalent of a fifty percent (50%) assignment for each year before retirement. Sick Xxxx leave will accrue on a prorated basis. The District and the faculty member shall each contribute to the applicable retirement fund the amount that would have been contributed by each had the faculty member been employed on a full-time basis. The District will provide all health benefits (including life insurance) to the faculty member during this time as if the faculty member were on a full-time assignment. Modification to this program created by legislation or regulation of the applicable retirement system shall supersede the provisions of this Agreement. 13.3 Faculty members hired prior to February 1, 1995, who retire from District service, shall designate one of the following retiree medical benefits options at the time the faculty member’s retirement forms are submitted to the District:

RETIREMENT OPTIONS AND BENEFITS. 13.1 14.1 A faculty member may exercise the his/her right to retire from the District when qualifying he/she qualifies under the rules and regulations established by the State Teachers’ Retirement System (STRS) or the Public Employees’ Retirement System (PERS), whichever is applicable. 13.2 14.2 By mutual agreement with the District, faculty members shall be allowed to participate in a Reduced Workload Program for up to ten (10) years preceding their retirement. Under this program, the faculty member shall be assigned a minimum of fifteen (15) teaching units for the entire year or at least the equivalent of a fifty percent (50%) assignment for each year before retirement. Sick Xxxx leave will accrue on a prorated basis. The District and the faculty member shall each contribute to the applicable retirement fund the amount that would have been contributed by each had the faculty member been employed on a full-time basis. The District will provide all health benefits (including life insurance) to the faculty member during this time as if the faculty member he/she were on a full-time assignment. Modification to this program created by legislation or regulation of the applicable retirement system shall supersede the provisions of this Agreement. 13.3 14.3 Faculty members hired prior to February 1, 1995, who retire from District service, shall designate one of the following retiree medical benefits options at the time the faculty member’s retirement forms are submitted to the District:

RETIREMENT OPTIONS AND BENEFITS. 13.1 14.1 A faculty member may exercise the his/her right to retire from the District when qualifying he/she qualifies under the rules and regulations established by the State Teachers’ Retirement System (STRS) or the Public Employees’ Retirement System (PERS), whichever is applicable. 13.2 14.2 By mutual agreement with the District, faculty members shall be allowed to participate in a Reduced Workload Program for up to ten (10) years preceding their retirement. Under this program, the faculty member shall be assigned a minimum of fifteen (15) teaching units for the entire year or at least the equivalent of a fifty percent (50%) assignment for each year before retirement. Sick leave will accrue on a prorated basis. The District and the faculty member shall each contribute to the applicable retirement fund the amount that would have been contributed by each had the faculty member been employed on a full-time basis. The District will provide all health benefits (including life insurance) to the faculty member during this time as if the faculty member he/she were on a full-time assignment. Modification to this program created by legislation or regulation of the applicable retirement system shall supersede the provisions of this Agreement. 13.3 14.3 Faculty members hired prior to February 1, 1995, who retire from District service, shall designate one of the following retiree medical benefits options at the time the faculty member’s retirement forms are submitted to the District: