Common use of Voluntary Retirement in Lieu of Layoff Clause in Contracts

Voluntary Retirement in Lieu of Layoff. When a layoff unit includes two or more employees and is identified for layoff, a senior member eligible under the provisions of Section 13.5 may take voluntary retirement to avoid the need for layoff of a less senior member. In the case of two or more such eligible employees, the most senior has right of first refusal. An employee electing voluntary retirement shall receive 100 percent of the separation incentive as defined in Section 14.6.

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

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