Retirement Payment. Employees with 25 or more total years of service in the program, who give two months’ notice of intent to retire, shall be provided the equivalent of 16% of annual salary, or $16,000, whichever is greater, at date of termination. The payment shall not exceed $20,000.
Retirement Payment. An eligible teacher shall receive a lump sum payment in the amount of One Thousand Dollars ($1,000.00) for each year of full-time service as a teacher at the District (pro rata for a teacher in a position that is less than a full-time load), less the amount the Board has contributed to the teacher’s 403(b) account under Section A. above; provided that:
Retirement Payment. 1. If a bargaining unit member eligible for a retirement payment under Article 27 retires with fifteen (15) or more years of continuous service with the District and two hundred fifty-five (255) days of accumulated sick leave, the employee's retirement payment will include Two Thousand Dollars ($2,000.00), less applicable payroll deductions, in addition to the payment otherwise due under the terms of Article 27.
Retirement Payment. A. To be eligible for the retirement payment under Section E, below, the bargaining unit member must qualify for retirement income under any State retirement system and by declaring, in good faith and in writing, his/her intention to permanently withdraw from active service covered by any of Ohio’s retirement systems.
Retirement Payment. Employees retiring, who were hired on or before 2004 July 22, shall receive three (3) months' notice prior to the date of retirement and upon retiring shall receive one month of pay. Such pay is to be based on the employee’s rate of pay as of 2004 November 01.
Retirement Payment. (1) Payment shall be made to a secretary by the Board for all of that employee's unused accumulated sick leave upon an official retirement, which has been approved by the New Jersey Division of Pensions.
Retirement Payment. (a) Where an Employee who has been employed for five years or more dies or has their employment terminated on the grounds of ill health, the Employee or their estate (as the case may be) shall be entitled to be paid a retiring gratuity of $531 from FPPOOA 1 July 2018, then $547 from FPPOOA 1 July 2019, then $563 from FPPOOA 1 July 2020, then $580 from FPPOOA 1 July 2021, then $598 from FPPOOA 1 July 2022, then $616 from FPPOOA 1 July 2023, then $634 from FPPOOA 1 July 2024 and then $653 from the FPPOOA 1 July 2025 for every completed year of service less any lump sum amount paid on retirement by a superannuation fund or scheme to which the Employer has made contributions on the Employee's behalf.
Retirement Payment. Employees with 25 or more total years of service in the program, and who commenced working for LSNY prior to January 1, 1980, who give two months’ notice of intent to retire, shall be provided the equivalent of 7 percent of annual salary, or $4,000, whichever is greater, at date of termination.
Retirement Payment. 26.01 Retirement pay shall be a one-time, lump-sum payment to eligible employees in accordance with the following provisions:
