Common use of Voluntary Early Retirement Clause in Contracts

Voluntary Early Retirement. 12 A. The District shall provide a voluntary early retirement program, known as Plan C, for any 13 employee who has served in a credentialed position in the District for a period of not less 14 than five (5) years and attained education experience under the provision of this contract 15 for not less than twenty (20) years, and elects to retire between ages 55 and 65. 16 B. For Plan C, employees must have attained the age of fifty-five (55) years prior to July 1 17 or otherwise be eligible for STRS service retirement prior to retiring. 18 C. Employees must take the necessary steps in order to effect their retirement between 19 May 1 and June 30 and provide written notice to the District no later than May 1 in order 20 to qualify for the provisions of Plan C. However, in the event of an employee's need to 21 retire because of a medical disability, the provisions of this program will go into effect 22 regardless of the date of application for retirement. 23 1. Plan C 24 a. Any employee who has served in a credentialed position for the District for a 25 period of not less than five (5) years, attained education experience credit 26 acceptable under the provisions of this contract for not less than twenty (20) 27 years and has attained the age of fifty-five (55) prior to retiring and has retired 28 from the District shall be eligible to enter into a contract with the District. The 1 purpose shall be to provide specialized services or advice which is needed by 2 the District and within the expertise of the retiring individual. 3 b. This service shall be for a maximum of thirty (30) days per year at a per diem 4 rate based upon the employee's regular salary at the time of retirement for a 5 total sum not to exceed that permitted by Education Code Section 23919. So 6 long as service has been performed satisfactorily, the contractual agreement 7 shall be renewable annually for up to three (3) years or until age seventy (70) 8 whichever comes first.

Voluntary Early Retirement. 12 6 A. The District shall provide a voluntary early retirement program, known as Plan C, for any 13 7 employee who has served in a credentialed position in the District for a period of not less 14 8 than five (5) years and attained education experience under the provision of this contract 15 9 for not less than twenty (20) years, and elects to retire between ages 55 and 65. 16 10 B. For Plan C, employees must have attained the age of fifty-five (55) years prior to July 1 17 11 or otherwise be eligible for STRS service retirement prior to retiring. 18 12 C. Employees must take the necessary steps in order to effect their retirement between 19 13 May 1 and June 30 and provide written notice to the District no later than May 1 in order 20 14 to qualify for the provisions of Plan C. However, in the event of an employee's need to 21 15 retire because of a medical disability, the provisions of this program will go into effect 22 16 regardless of the date of application for retirement. 23 17 1. Plan C 24 18 a. Any employee who has served in a credentialed position for the District for a 25 19 period of not less than five (5) years, attained education experience credit 26 20 acceptable under the provisions of this contract for not less than twenty (20) 27 21 years and has attained the age of fifty-five (55) prior to retiring and has retired 28 22 from the District shall be eligible to enter into a contract with the District. The 1 23 purpose shall be to provide specialized services or advice which is needed by 2 24 the District and within the expertise of the retiring individual. 3 25 b. This service shall be for a maximum of thirty (30) days per year at a per diem 4 26 rate based upon the employee's regular salary at the time of retirement for a 5 27 total sum not to exceed that permitted by Education Code Section 23919. So 6 28 long as service has been performed satisfactorily, the contractual agreement 7 1 shall be renewable annually for up to three (3) years or until age seventy (70) 8 2 whichever comes first.

Voluntary Early Retirement. 12 8 A. The District shall provide a voluntary early retirement program, known as Plan C, for 9 any 13 employee who has served in a credentialed position in the District for a period of 10 not less 14 than five (5) years and attained education experience under the provision of 11 this contract 15 for not less than twenty (20) years, and elects to retire between ages 55 12 and 65. 16 13 B. For Plan C, employees must have attained the age of fifty-five (55) years prior to July 1 17 14 or otherwise be eligible for STRS service retirement prior to retiring. 18 15 C. Employees must take the necessary steps in order to effect their retirement between 19 16 May 1 and June 30 and provide written notice to the District no later than May 1 in 17 order 20 to qualify for the provisions of Plan C. However, in the event of an employee's 18 need to 21 retire because of a medical disability, the provisions of this program will go into 19 effect 22 regardless of the date of application for retirement. 23 20 1. Plan C 24 21 a. Any employee who has served in a credentialed position for the District for a 25 22 period of not less than five (5) years, attained education experience credit 26 23 acceptable under the provisions of this contract for not less than twenty (20) 27 24 years and has attained the age of fifty-five (55) prior to retiring and has 25 retired 28 from the District shall be eligible to enter into a contract with the 26 District. The 1 purpose shall be to provide specialized services or advice 27 which is needed by 2 the District and within the expertise of the retiring 28 individual. 3 1 b. This service shall be for a maximum of thirty (30) days per year at a per 2 diem 4 rate based upon the employee's regular salary at the time of retirement 3 for a 5 total sum not to exceed that permitted by Education Code Section 4 23919. So 6 long as service has been performed satisfactorily, the contractual 5 agreement 7 shall be renewable annually for up to three (3) years or until age 6 seventy (70) 8 whichever comes first.