Retirement Procedure. An employee who is retiring is required to go to the Finance Department for exit processing. Failure to do so will delay payment for any benefits the employee might otherwise be entitled.
Retirement Procedure. Any Faculty Member electing to take retirement under a retirement system identified in 18.2 of this Agreement, should give the Xxxx and University Benefits Division six months’ notice, in writing, of the anticipated date of retirement. Within ten (10) days after receipt of the notice, the Xxxx shall notify the Faculty Member of the benefits available to the Faculty Member and any application or other procedural requirements. After receipt of this information, the Faculty Member shall have thirty (30) days to rescind in writing his or her notice of retirement. If not so rescinded, the retirement notice shall become effective according to its terms.
Retirement Procedure. Any Bargaining Unit member electing to take retirement under a retirement system identified in 18.2 of this Agreement, should give the Xxxx or appropriate administrator and University Benefits Division six months notice of the anticipated date of retirement. Within ten (10) days after receipt of the notice, the Xxxx or appropriate administrator shall notify the Bargaining Unit member of the benefits available to the Bargaining Unit member and any application or other procedural requirements. After receipt of this information, the Bargaining Unit member shall have thirty (30) days to rescind in writing his or her notice of retirement. If not so rescinded, the retirement notice shall become effective according to its terms.
Retirement Procedure. Employees retiring under a State regulated retirement system shall receive payment of accrued but unused sick leave on the basis of one hour’s pay for each four (4) hours of accrued sick leave. Said payment is intended not to exceed four hundred eighty (480) hours regardless of the number of sick leave hours accumulated. Payout is done at the time of separation. Employees must provide a minimum of 60-day notice for a retirement to complete the final buy-out process. Failure to meet the 60-day notice will delay the final buy-out.
Retirement Procedure. Any Bargaining Unit member electing to take retirement under a retirement system identified in 18.2 of this Agreement, should give the Xxxx or appropriate administrator and University Benefits Division six months notice of the anticipated date of retirement. Within ten (10) days after receipt of the notice,
