Common use of Transition to Retirement Clause in Contracts

Transition to Retirement. 21.1 Employees may advise their Employer in writing of their intention to retire within the next five years from their Employer and may participate in a transition to retirement arrangement. Subject to this Agreement, a transition to retirement arrangement is a permanent arrangement that is agreed between the Employee and the Employer. 21.2 Transition to retirement arrangements may be proposed. The Employer will provide details of the proposal for the Employee’s consideration including any relevant information (including indicative changes to pay) about the implications of the proposal. The Employee will be given a reasonable opportunity to consider the proposal. Employees are encouraged to seek advice regarding the proposal. 21.3 Where a transition to retirement arrangement is agreed, it will be implemented through: (a) a flexible working arrangement (see clause 111); (b) an individual flexibility agreement (see clause 5); (c) an agreement in writing between the parties; or (d) any combination of the above. 21.4 A transition to retirement arrangement may include but is not limited to: (a) alteration of working hours, eg. part-time employment, shift pattern; (b) a job share arrangement; (c) working in a position at a lower status or rate of pay; (d) flexible use of Long Service Leave (LSL) 21.5 The Employer will consider, and not unreasonably withhold its approval of a request by an Employee to transition to retirement through: (a) using accrued LSL or Annual Leave for the purpose of reducing the number of days worked or their working hours but retaining their previous employment status

Transition to Retirement. 21.1 27.1 Employees may advise their Employer in writing of their intention to retire within the next five years from their Employer and may participate in a transition to retirement arrangement. Subject to this Agreement, a transition to retirement arrangement is a permanent arrangement that is agreed between the Employee and the Employer. 21.2 27.2 Transition to retirement arrangements may be proposed. The Employer will provide details of the proposal for the Employee’s consideration including any relevant information (including indicative changes to pay) about the implications of the proposal. The Employee will be given a reasonable opportunity to consider the proposal. Employees are encouraged to seek advice regarding the proposal. 21.3 27.3 Where a transition to retirement arrangement is agreed, it will be implemented through: (a) a flexible working arrangement (see clause 11179); (b) an individual flexibility agreement (see clause 513); (c) an agreement in writing between the parties; or (d) any combination of the above. 21.4 27.4 A transition to retirement arrangement may include but is not limited to: (a) alteration of working hours, eg. e.g. part-time employment, shift pattern; (b) a job share arrangement; (c) working in a position at a lower status or rate of pay; (d) flexible use of Long Service Leave (LSL) 21.5 27.5 The Employer will consider, and not unreasonably withhold its approval of a request by an Employee to transition to retirement through: (a) using accrued LSL or Annual Leave for the purpose of reducing the number of days worked or their working hours but retaining their previous employment status

Transition to Retirement. 21.1 24.1 Employees may advise their Employer the Company in writing of their intention to retire within the next five two (2) years from their Employer Company and may participate in a transition to retirement arrangement. Subject to this Agreement, a transition to retirement arrangement is a permanent arrangement that is agreed between the Employee and the EmployerCompany. 21.2 24.2 Transition to retirement arrangements may be proposed. The Employer Company will provide details of the proposal for the Employee’s consideration including any relevant information (including indicative changes to pay) about the implications of the proposal. The Employee will be given a reasonable opportunity to consider the proposal. Employees are encouraged to seek advice regarding the proposal. 21.3 24.3 Where a transition to retirement arrangement is agreed, it will be implemented through: (a) a flexible working arrangement (see clause 111Clause 87); (b) an individual flexibility agreement (see clause Clause 5); (c) an agreement in writing between the parties; or (d) any combination of the above. 21.4 24.4 A transition to retirement arrangement may include but is not limited to: (a) alteration of working hours, eg. e.g. part-time employment, shift pattern; (b) a job share arrangement; (c) working in a position at a lower status or rate of pay; (d) flexible use of Long Service Leave (LSL) 21.5 24.5 The Employer Company will consider, and not unreasonably withhold its approval of a request by an Employee to transition to retirement through: (a) using accrued LSL or Annual Leave for the purpose of reducing the number of days worked or their working hours but retaining their previous employment status