Common use of Transition to Retirement Clause in Contracts

Transition to Retirement. 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. 27.2 Transition to retirement arrangements may be proposed and, where agreed, implemented through: (a) a flexible working arrangement (see clause 96); (b) an individual flexibility agreement (see clause 12); (c) an agreement in writing between the parties; or (d) any combination of the above. 27.3 A transition to retirement arrangement may include but is not limited to: (a) a reduction of working hours, i.e. part time employment; (b) a job share arrangement; and/or (c) working in a position at a lower status or rate of pay. 27.4 The Employer will consider, and not unreasonably withhold its approval of a request by an Employee to transition to retirement through: (a) using accrued Long Service Leave (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. 27.1 Employees may advise their Employer in writing of their intention to retire within the next five (5) years from their Employer and may participate in a transition to retirement arrangement. 27.2 Transition to retirement arrangements may be proposed and, where agreed, implemented through: (a) a flexible working arrangement (see clause 96); (b) an individual flexibility agreement (see clause 12); (c) an agreement in writing between the parties; or (d) any combination of the above. 27.3 A transition to retirement arrangement may include but is not limited to: (a) a reduction of working hours, i.e. part time employment; (b) a job share arrangement; and/or (c) working in a position at a lower status or rate of pay. 27.4 The Employer will consider, and not unreasonably withhold its approval of a request by an Employee to transition to retirement through: (a) using accrued Long Service Leave (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. ‌ 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. 27.2 Transition to retirement arrangements may be proposed and, where agreed, implemented through: (a) a flexible working arrangement (see clause 96); (b) an individual flexibility agreement (see clause 12); (c) an agreement in writing between the parties; or (d) any combination of the above. 27.3 A transition to retirement arrangement may include but is not limited to: (a) a reduction of working hours, i.e. part time employment; (b) a job share arrangement; and/or (c) working in a position at a lower status or rate of pay. 27.4 The Employer will consider, and not unreasonably withhold its approval of a request by an Employee to transition to retirement through: (a) using accrued Long Service Leave (LSL) or Annual Leave for the purpose of reducing the number of days worked or their working hours but retaining their previous employment status.