Retirement Transition Option Sample Clauses

Retirement Transition Option. This option provides that a tenured academic employee with 15 or more years of full- time tenured academic employee service at TCC who retires after reaching age 62 but prior to reaching age 70 may choose either to receive income equal to full pay for a period of six months following retirement or income equal to ½ pay for 12 months following retirement. The employee's base salary at the time of retirement will be used to determine the amount of income to be received.
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