Common use of The Post-Retirement Payment Clause in Contracts

The Post-Retirement Payment. a) Subject to the qualifications and limitations set forth in Section A.1 above, the post-retirement payment shall be as set forth below: Years of Service 1 Year in Program (Retire End of 19‐20) 2 Years in Program 3 Years in Program 4 Years in Program b) The post-retirement payment shall be paid in two (2) equal installments (less any applicable reduction for generating an employer contribution to SURS). The first installment shall be paid on the one-year anniversary of the faculty member’s retirement from the College. The second installment shall be paid six

Appears in 5 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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