Retirement Supplement. The District shall provide a retirement supplement of four percent (4%) of gross salary to be paid to other than FRS members.
Retirement Supplement. Each eligible and retiring member of the CWA Bargaining Unit shall be entitled to receive a retirement supplement of 15% of his/her annual salary exclusive of supplements in one lump-sum at the close of the school year. A retiring employee must qualify for retirement under the Florida Retirement System. In addition, the employee must have no less than twenty-five (25) creditable service under the above mentioned plan and must have a minimum fifteen (15) years creditable services with the St. Lucie County School District. The employee shall be eligible for the bonus only during his/her initial year of retirement eligibility. In each school year an employee who becomes eligible for the retirement supplement must, by March 1, have completed the necessary application for retirement through the Human Resources Department and resign effective at the end of the regular scheduled work year for that employee. It shall be the responsibility of each employee to determine his/her eligibility for retirement and to meet the above requirements set forth to receive the retirement supplement.
Retirement Supplement. The City will continue to provide the retirement supplement to all retirees currently receiving the supplement. The value of the retirement supplement contribution was reported to CalPERS as special compensation.
Retirement Supplement. A teacher with twenty (20) years of service in the District who retires under the New Hampshire Retirement System and receives benefits from same at the time of separation from the District shall receive at the time of separation a payment of $7,000 provided the teacher gives notice, no later than the preceding December 31, of their intention to retire, except in the case of disability retirements.
Retirement Supplement. Plan I A $16,000 retirement supplement will be available to teachers who retire with 30 through 33 years total experience under the following conditions.
Retirement Supplement. During the Term, Xxxxxxxx shall earn a retirement supplement. The amount of the annual retirement supplement shall be One Hundred Four Thousand Eight Hundred Fifty and No/100 Dollars ($104,850.00) per year. It shall be pro-rated and earned monthly. The retirement supplement shall be funded by the New College Foundation. The retirement supplement earned during 2023 shall be paid no later than December 31, 2023. The retirement supplement earned during 2024 shall be paid within thirty (30) days after the end of the Term.
Retirement Supplement. Each eligible and retiring member of the Bargaining Unit will be entitled to receive a retirement supplement of 15% of his/her annual salary exclusive of supplements in one lump-sum at the close of the school year. A retiring employee must qualify for retirement under the Florida Retirement System or the Florida Teachers Retirement System. In addition, the employee must have no less than thirty (30) years creditable service under one of the above mentioned plans for retirement and must have a minimum of ten (10) years creditable service with the School Board of Saint Lucie County, Florida. The employee shall be eligible for the bonus only during his/her initial year of regular retirement eligibility. The retirement supplement will not be paid to any employee who continues his/her employment after the end of the year in which he/she first becomes eligible for the retirement supplement according to this contract. In each school year an employee who becomes eligible for the retirement supplement must by April 1 of that school year complete the necessary application for retirement through the Human Resources Department and resign effective at the end of that school year. It shall be the responsibility of each employee to determine his/her eligibility for retirement and to meet the above requirements set forth to receive the retirement supplement.
Retirement Supplement. The Board shall provide to eligible administrators a retirement supplement plan in accordance with the following criteria:
Retirement Supplement. (1) An employee who has not less than five continuous full-time service with the Board and who ceases to be employed for reasons of ill health acceptable to the Board, or; retires at age (55) or older, with or without pension entitlement under the Ontario Municipal Employees’ Retirement System, shall be eligible to receive a retirement supplement based upon the following = of WHERE: is the amount of retirement supplement: is the sum of the balance from the accumulated sick leave credits accrued pursuant to Article and the balance of supplementary sick leave credits accrued pursuant to Article to a maximum of days; S is the employee’s annual salary at the time of retirement; N is the number of years of full-time service with this Board to a maximum of twenty (20) years. Subject to applicable Sections of the Education Act, limiting the amount of the supplement to a maximum of one-half years at the rate received by the employee immediately prior to of employment.
Retirement Supplement. (1) An employee who has not less than five years continuous full-time service with the Board and who ceases to be employed for reasons of ill health acceptable to the Board, or; retires at age fifty five (55) or older, with or without pension entitlement under the Ontario Municipal Employees’ Retirement System, shall be eligible to receive a retirement supplement based upon the following formula, = of x S x WHERE: is the amount of retirement supplement: is the sum of the balance from the accumulated sick leave credits accrued pursuant Article and the balance of supplementary sick leave credits accrued pursuant to Article a maximum of days; S is the employee’s annual salary at the time of retirement; N is the number of years of full-time service with this Board to a maximum of twenty (20) years. Subjectto Section the Education Act, limitingthe amount of the supplement to a maximum of one-half years earnings at the rate received by the employee immediately prior to termination of employment. The retirement supplement shall be paid after retirement according to a mutual arrangement between the Board and the employee but payment shall not be deferred for a period longer than twelve (12) months. In the event of the death of an employee after the termination of the employee’s employment in the service of this Board any allowance or benefit for which the employee is eligible under the retirement supplement plan and which remains unpaid shall be paid to the employee’s estate. Where a full-time employee is retired compulsorily from the Board’s service on the last school day in that school year in which the employee attains the age of years and where because of this the employee would not be able to complete the required minimum of five (5) consecutive years of full-time service with the Board, the Director of Education may authorize the granting of a Retirement Supplement in accordance with the other conditions contained in this plan.
