Voluntary Early Retirement Plan Sample Clauses

Voluntary Early Retirement Plan. Employees who have served continuously on a full-time basis for ten (10) years and are eligible for an annuity under the State Universities Retirement System which was created, and is governed by Article 15 of the Illinois Pension Code, Ill. Rev. Stat. ch. 108-1/2 115- 101 et seq. (hereinafter SURS), are eligible to participate in this voluntary early retirement plan.
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Voluntary Early Retirement Plan. 1. This plan is in addition to, but not part of, the employees' pension plan.
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Voluntary Early Retirement Plan. A. Full-time may submit an official application to retire to their Xxxx/Chief Librarian between July 1 and September in any year with the retirement June following or between January 1 and March 1 in any year with the retirement December 3 1 following. An official application to retire is irrevocable unless mutually agreeable to the member and the Xxxx/Chief Librarian. Members must have attained the age of years and have at least years of full-time service with University on the date commencing early retirement or have at least years of full-time service with University if they have not attained the age of years. Members taking this Voluntary Early Retirement Plan will be entitled to a sum based on their salary on June or December 3 1 immediately prior to voluntary early retirement, payable in equal monthly instalments commencing on July 1 in the year of
Sample 1
Voluntary Early Retirement Plan. (A) Full-time members may submit an official application to retire to their Xxxx/University Librarian prior to December 31st, 2003 with the retirement to commence on June 30th, 2004. This provision will be deleted from the Collective Agreement effective July 1,
Sample 1

Related to Voluntary Early Retirement Plan

  • Early Retirement An employee entitled to twenty-five (25) or more days of annual vacation shall be entitled to defer up to five (5) days per year of vacation into an Early Retirement Bank. An employee entitled to thirty (30) or more days of annual vacation shall be entitled to defer up to ten (10) days per year of vacation into an Early Retirement Bank. Such deferred vacation may only be taken immediately prior to retirement. The Employer may, at its sole discretion, permit an employee to use such banked vacation under other circumstances.

  • Early Retirement Incentive The College may offer to a faculty member or a faculty member may request a choice of one of the early retirement incentive alternatives described herein, provided the faculty member meets the following criteria. The Association shall be advised in writing of any offer of early retirement made to a faculty member.

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