Common use of Retirement Supplement Clause in Contracts

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. Each eligible and retiring member of the CWA Classified 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) years creditable service under the above mentioned plan and must have a minimum of fifteen (15) years creditable services service 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, must by March 1, 1 have completed the necessary application for retirement through the Human Resources Department personnel 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.. 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124

Retirement Supplement. Each eligible and retiring member of the CWA Classified 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) years creditable service under the above mentioned plan and must have a minimum of fifteen (15) years creditable services service 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, must by March 1, 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.