Common use of Retirement Savings Clause in Contracts

Retirement Savings. Savings generated from salary differences between early retirees and average new hires will first be utilized to pay for post-retirement benefits. All savings remaining after the payment of these benefits shall be available for negotiations. Post-Retirement Capped Insurance Amt YEAR AMOUNT YEAR AMOUNT 2006-07 $6,648 2022-23 $12,452 2007-08 $6,914 2023-24 $12,950 2008-09 $7,190 2024-25 $13,468 2009-10 $7,478 2025-26 $14,006 2010-11 $7,777 2026-27 $14,567 2011-12 $8,088 2027-28 $15,149 2012-13 $8,412 2028-29 $15,755 2013-14 $8,748 2029-30 $16,385 2014-15 $9,098 2030-31 $17,041 2015-16 $9,462 2031-32 $17,722 2016-17 $9,841 2032-33 $18,431 2017-18 $10,234 2033-34 $19,169 2018-19 $10,644 2034-35 $19,935 2019-20 $11,069 2035-36 $20,733 2020-21 $11,512 2036-37 $21,562 2021-22 $11,973 2037-38 $22,425 Association Leave

Appears in 4 contracts

Samples: Procedural Agreement, Procedural Agreement, Procedural Agreement

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