Common use of Transfer of Pension Funds Clause in Contracts

Transfer of Pension Funds. Employee Authorization and Release - In cases where the Employees' Retirement System transfers annuity and pension funds to either the State Retirement System or Teachers' Retirement System, the Board agrees to contact affected employees to notify them of executing an authorization and/or release for such transfer. Prior to and after the employee's annuity and pension funds have been transferred to either the State Retirement System or Teachers' Retirement System, the Employees' Retirement System shall provide each affected employee with a financial statement regarding his respective annuity and pension funds. Until this authorization and/or release is fully executed, the member shall remain in the Employees' Retirement System without loss of benefits.

Transfer of Pension Funds. Employee Authorization and Release - In cases where the Employees' Retirement System transfers annuity and pension funds to either the State Retirement System or Teachers' Retirement System, the Board agrees to contact affected employees to notify them shall be notified for the purpose of executing an authorization and/or release for such transfer. Prior to and after the employee's annuity and pension funds have been transferred to either the State Retirement System or Teachers' Retirement System, the Employees' Retirement System shall provide each affected employee with a financial statement regarding his respective annuity and pension funds. Until this authorization and/or release is fully executed, the member shall remain in the Employees' Retirement System without loss of benefits.

Transfer of Pension Funds. Employee Authorization and Release - In cases where the Employees' ’ Retirement System transfers annuity and pension funds to either the State Retirement System or Teachers' ’ Retirement System, the Board agrees to contact affected employees to notify them of executing an authorization and/or release for such transfer. Prior to and after the employee's ’s annuity and pension funds have been transferred to either the State Retirement System or Teachers' ’ Retirement System, the Employees' ’ Retirement System shall provide each affected employee with a financial statement regarding his their respective annuity and pension funds. Until this authorization and/or release is fully executed, the member shall remain in the Employees' ’ Retirement System without loss of benefits.

Transfer of Pension Funds. Employee Authorization and Release - In cases where the Employees' ’ Retirement System transfers annuity and pension funds to either the State Retirement System or Teachers' ’ Retirement System, the Board agrees to contact affected employees to notify them of executing an authorization and/or release for such transfer. Prior to and after the employee's annuity and pension funds have been transferred to either the State Retirement System or Teachers' ’ Retirement System, the Employees' ’ Retirement System shall provide each affected employee with a financial statement regarding his their respective annuity and pension funds. Until this authorization and/or release is fully executed, the member shall remain in the Employees' Retirement System without loss of benefits.

Transfer of Pension Funds. Employee Authorization and Release - In cases where the Employees' Retirement System transfers annuity and pension funds to either the State Retirement System or Teachers' Retirement System, the Board agrees to contact affected employees to notify them shall be notified for the purpose of executing an authorization and/or release for such transfer. Prior to and after the employee's annuity and pension funds have been transferred to either the State Retirement System or Teachers' Retirement System, the Employees' Retirement System shall provide each affected employee with a financial statement regarding his respective annuity and pension funds. Until this authorization and/or release is fully executed, the member shall remain in the Employees' Retirement System without loss of benefits.

Transfer of Pension Funds. Employee Authorization and Release - In cases where the Employees' Retirement System transfers annuity and pension funds to either the State Retirement System or Teachers' Retirement System, the Board agrees to contact affected employees to notify them of executing an authorization and/or release for such transfer. Prior to and after the employee's annuity and pension funds have been transferred to either the State Retirement System or Teachers' Retirement System, the Employees' Retirement System shall provide each affected employee with a financial statement regarding his respective annuity and pension funds. Until this authorization and/or release is are fully executed, the member shall remain in the Employees' Retirement System without loss of benefits.

Transfer of Pension Funds. Employee Authorization and Release - In cases where the Employees' ’ Retirement System transfers annuity and pension funds to either the State Retirement System or Teachers' ’ Retirement System, the Board agrees to contact affected employees to notify them of executing an authorization and/or release for such transfer. Prior to and after the employee's annuity and pension funds have been transferred to either the State Retirement System or Teachers' ’ Retirement System, the Employees' ’ Retirement System shall provide each affected employee with a financial statement regarding his their respective annuity and pension funds. Until this authorization and/or release is fully executed, the member shall remain in the Employees' Retirement System without loss of benefits.