VOLUNTARY EARLY RETIREMENT SCHEMES Sample Clauses

VOLUNTARY EARLY RETIREMENT SCHEMES. (a) Where the University chooses to offer a voluntary early retirement scheme approved by the Australian Taxation Office, it will provide as a minimum a lump sum benefit of two
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VOLUNTARY EARLY RETIREMENT SCHEMES. (a) Where the University chooses to offer a voluntary early retirement scheme approved by the Australian Taxation Office, it will provide as a minimum a lump sum benefit of two weeks of salary for each year of service with a maximum payment of 52 weeks of salary. This benefit will be additional to the employee’s other entitlements on retirement.
VOLUNTARY EARLY RETIREMENT SCHEMES. The University may offer an early retirement scheme (which may be conditional) to encourage certain groups or categories of staff to retire early or resign from the University. The University will consult with the relevant unions prior to making the offer to staff. UNIVERSITY COMMITMENTS What’s in this Section?  Freedom of Association;  Anti-discrimination;  Indigenous Employment;  Environmental Sustainability;  Occupational Health and Safety Co-operation;  Uniforms and Protective Clothing;  Amenities;  First Aid;  Job Security; and  Managing Change
VOLUNTARY EARLY RETIREMENT SCHEMES. 79.1 The University may offer an early retirement scheme (which may be conditional) to encourage certain groups or categories of staff to retire early or resign from the University. The University will consult with the relevant unions prior to making the offer to staff. Schedule 1 - Minimum Standards For Academic Levels (MSAL) Introduction Teaching and research academic staff Level A Level B Level C Level D Level E Research academic staff (inclusive of creative disciplines) Level A Level B Level C Level D Level E
VOLUNTARY EARLY RETIREMENT SCHEMES. The University may offer an early retirement scheme (which may be conditional) to encourage certain groups or categories of staff to retire early or resign from the University. The University will consult with the relevant unions prior to making the offer to staff.
VOLUNTARY EARLY RETIREMENT SCHEMES. Where the University chooses to offer a voluntary early retirement scheme, it will consult with the unions party to this Agreement and will provide a minimum lump sum benefit of 2 weeks’ salary for each year of service but with no obligation to pay in excess of 52 weeks’ salary. Schedule 1 - Academic Staff Position Classification Standards Academic Staff Position Classification Standards‌ The classification standards for teaching and research and research only academic staff describe the broad categories of responsibilities attached to staff at different levels. The standards are not exhaustive of all tasks in academic employment, which is by its nature multi-skilled and involves an overlap of duties between levels. The standards provide an adequate basis to differentiate between the various levels of employment and define the broad relationships between classifications. Progression through an academic career will normally be based on teaching and/or research, administrative functions and contribution to the profession. The balance of functions will vary according to level and position over time. Teaching and Research Positions‌ Level A
VOLUNTARY EARLY RETIREMENT SCHEMES. 404 The University may offer early retirement in accordance with voluntary early retirement schemes approved by the Australian Taxation Office, but reserves the right to reject an expression of interest in voluntary early retirement submitted by an individual staff member. REDEPLOYMENT AND REDUNDANCY Notice of redundancy 405 Where the University has determined that a staff member’s position is redundant, they will be notified in writing and offered voluntary redundancy. A notice period of 12 weeks will commence on the date the written notification is dispatched by Express Post or email to the staff member (the Notice Period). The written notification will provide an estimate of the staff member’s entitlements to notice (or payment in lieu of notice), severance pay and payments in lieu of accrued leave. 406 Staff will be entitled to up to one day’s paid leave per week (pro rata) during their Notice Period and Extended Notice Period for the purposes of seeking other work, outplacement service or financial advice. 407 The Notice Period will be extended by any period of paid Parental Leave which falls within the 12 week period. Consideration period 408 The staff member will be given a Consideration Period of four weeks from the commencement of the Notice Period and Extended Notice Period to decide whether to accept the offer of voluntary redundancy. 409 Where a staff member whose position has been made redundant does not accept an offer of voluntary redundancy, the University will seek to redeploy them to an alternative suitable position. The staff member may also seek a review of the decision to make their position redundant under clause 460. If the proposal to make a staff member’s position redundant is confirmed following a review, the staff member may elect to take a voluntary redundancy or continue with the redeployment process. Accepting an offer of voluntary redundancy 410 Where a staff member accepts an offer of voluntary redundancy, their employment will end on the date specified in the written notification or such other date as the University and the staff member may agree. If the end date is earlier than the end of the Notice Period, the staff member will be paid in lieu of the balance of the Notice Period. 411 On cessation of employment, the staff member will receive payment in lieu of the balance of the Notice Period under clause 405 (if applicable) and severance pay under clause 419. 412 A staff member who agrees to an alternative employment end ...
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VOLUNTARY EARLY RETIREMENT SCHEMES. 319 The University may offer early retirement in accordance with voluntary early retirement schemes approved by the Australian Taxation Office, but reserves the right to reject an expression of interest in voluntary early retirement submitted by an individual staff member.

Related to VOLUNTARY EARLY RETIREMENT SCHEMES

  • Retirement Age It is assumed that an employee terminates employment at the end of the school year in which the employee attains age 58 or at the end of the current year, if the individual is already 58 or older.

  • Enhanced Early Retirement 26.11.1 Employees engaged prior to 1 May 1994 are eligible if they are within 10 years of the age of eligibility for government superannuation and have a minimum of ten years' total aggregated service with the employer, with one or more other DHBs, and with one or more of the following services:

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