Common use of Retirement Program Duration Clause in Contracts

Retirement Program Duration. The application for the retirement program, as set forth in this Article, shall only be available for the duration of this Agreement. In order to receive the benefits set forth in this Article, an Employee must elect to retire effective no later than June 30, 2030. Participating Employees who elect to retire under the provisions of this Article and not later than June 30, 2030, will receive the benefits of and only the benefits of this program. Regardless of the participation and experience in the implementation of this Agreement, in no event shall this Agreement create an expectancy of a property interest among staff members, who have not submitted an irrevocable letter of intent to retire to the Superintendent by January 1, 2027, nor shall the same be regarded as a policy, custom, practice, or contractual agreement between the Parties beyond such date. Nothing in this Agreement, however, shall be deemed to prohibit the Parties from mutually agreeing to amend this Agreement or to continue this Agreement during or after the term of this Agreement.

Retirement Program Duration. The application for the retirement program, as set forth in this Article, shall only be available for the duration of this Agreement. In order to receive the benefits set forth in this Article, an Employee must elect to retire effective no later than June 30, 20302023. Participating Employees who elect to retire under the provisions of this Article and not later than June 30, 20302023, will receive the benefits of and only the benefits of this program. Regardless of the participation and experience in the implementation of this Agreement, in no event shall this Agreement create an expectancy of a property interest among staff members, who have not submitted an irrevocable letter of intent to retire to the Superintendent by January 1, 20272020, nor shall the same be regarded as a policy, custom, practice, or contractual agreement between the Parties beyond such date. Nothing in this Agreement, however, shall be deemed to prohibit the Parties from mutually agreeing to amend this Agreement or to continue this Agreement during or after the term of this Agreement.

Retirement Program Duration. The application for the retirement program, as set forth in this Article, shall only be available for the duration of this Agreement. In order to receive the benefits set forth in this Article, an Employee must elect to retire effective no later than June 30, 20302025. Participating Employees who elect to retire under the provisions of this Article and not later than June 30, 20302025, will receive the benefits of and only the benefits of this program. Regardless of the participation and experience in the implementation of this Agreement, in no event shall this Agreement create an expectancy of a property interest among staff members, who have not submitted an irrevocable letter of intent to retire to the Superintendent by January 1, 20272022, nor shall the same be regarded as a policy, custom, practice, or contractual agreement between the Parties beyond such date. Nothing in this Agreement, however, shall be deemed to prohibit the Parties from mutually agreeing to amend this Agreement or to continue this Agreement during or after the term of this Agreement.