Retirement Plan Options. New retirement eligible faculty members must make a one-time, irrevocable choice between two retirement plans upon appointment.
Retirement Plan Options. Eligibility for enrollment in a retirement system depends on a variety of factors, including bargaining unit, position classification, and full- or part-time employment.
Retirement Plan Options. All regular employees of Xxxxxxx State University are required by law to participate in a retirement program. Faculty and principal administrators hired on or after July 1, 1990, and exempt employees hired on or after July 1, 2008 have the option of participating in the Teachers Retirement System of Georgia (TRS) or the Optional Retirement Plan (ORP). Non-exempt employees, as a condition of employment, may only participate in the TRS plan. Both eligible employees and Xxxxxxx State University contribute a percentage of the Employee contributions to the TRS or ORP are sheltered from federal and state income taxes.
Retirement Plan Options. Plans under Sections 18.1.2.2 and 18.1.2.3 are available only to those faculty members who established membership in one of the plans prior to 1969 and maintained the membership.
Retirement Plan Options. All regular employees of Xxxxxxx State University are required by law to participate in a retirement program. Faculty and principal administrators hired on or after July 1, 1990, and exempt employees hired on or after July 1, 2008 have the option of participating in the Teachers Retirement System of Georgia (TRS) or the Optional Retirement Plan (ORP). Non-exempt employees, as a condition of employment, may only participate in the TRS plan. Both eligible employees and Xxxxxxx State University contribute a percentage of the Employee
Retirement Plan Options. Employees, with the exception of those who fall under Section 3-C, 4, b-1, f below, who are employed in a classification covered by the Correctional Employees Retirement Plan and retire after the ratification of this agreement by the Legislative Coordinating Commission’s Subcommittee on Employee Relations shall be eligible to retire under one of the following programs and conditions. In addition, new employees hired in a classification covered by the Correctional Employees Retirement Plan after the ratification of this agreement by the Legislative Coordinating Commission Subcommittee on Employee Relations shall also be subject to the conditions set forth in 3-C, 4, b-2. If the Office of the Attorney General determines that this Insurance Benefit Plan violates state or federal law, the Employer will meet and negotiate with the union on necessary modifications.
Retirement Plan Options. Employees, with the exception of those who fall under Section b.1.f. below, who are employed in a classification covered by the Correctional Employee Retirement Plan and retire after July 1, 2009 shall be eligible to retire under one of the following programs:
