Common use of Termination and Retirement Clause in Contracts

Termination and Retirement. An employee who retires from City service shall receive an additional retirement plan contribution that is equal to fifty percent (50%) of the cash value in wages of all accrued sick leave. An employee shall be considered to have retired from City service only if he or she begins receiving Social Security retirement (not disability) benefits upon termination of City employment, or if he or she has thirty (30) or more years of service with the City.

Termination and Retirement. An employee who retires from City service shall receive an additional retirement plan contribution that is equal to fifty percent (50%) of the cash value in wages of all accrued sick leave. An employee shall be considered to have retired from City service only if he or she begins receiving they are eligible for Social Security retirement (not disability) benefits upon termination of City employment, or if he or she has they have thirty (30) or more years of service with the City.

Termination and Retirement. An employee who retires from City service shall receive an additional retirement plan contribution that is equal to fifty percent (50%) of the cash value in wages of all accrued sick leave. An employee shall be considered to have retired from City service only if he or she begins receiving they are eligible for Social Security retirement (not disability) benefits upon termination of City employment, or if he or she has they have thirty (30) or more years of service with the City.