Golden Handshake definition

Golden Handshake inducement for retirement when the provisions of Education Code Section 22726 can be met.
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Golden Handshake provisions shall apply to unaccommodated workers whenever a Developmental Center or State Hospital or the Department of Developmental Services or the Department of Mental Health elects to participate in a "Golden Handshake" program for any of its employees.
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Golden Handshake. (Provisions expire on June 30, 2020)
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Examples of Golden Handshake in a sentence

  • This is an incentive plan available an employee who has not elected to participate in the "Golden Handshake" Program, as set forth in 14.3, is over the age of fifty-five (55), is eligible for STRS or PERS benefits and is contracted to perform professional instructional and non-instructional services as identified in Article 7, Sections 2 and 3 of this Agreement for a maximum of five (5) years.

  • The certificated employee must retire by June 30 of the year in which application approved in order to be eligible for the Golden Handshake.

  • The new Golden Handshake program will be in effect when provided for by legislation.

  • The Ceres Unified School District will participate in the Golden Handshake program.

  • The Golden Handshake Program will only be used as an optional retirement plan if the District chooses to offer the program.

  • The District agrees to study the feasibility of offering a Golden Handshake in conjunction with any proposals regarding layoffs and, if feasible, shall reopen negotiations with CSEA on this benefit.

  • If, during the duration of this Agreement, the Office of the Governor and the Department of Finance advise the CSU of the availability of the early retirement ("Golden Handshake") program for Unit 4 employees, the CSU agrees to notify the APC and, upon request, meet and xxxxxx regarding said availability.

  • The following elements of the retirement plan, with the exception of the STRS Golden Handshake, shall apply to all employees who have reached their 55th birthday.

  • Kelseyville Unified School District shall implement the “Golden Handshake.” AB 1207, Chapter 13, Education Code sections 22714, 44929, and 87488 to extend the Golden Handshake enhanced benefit program which provides that an additional two years of service credit will be granted when all requirements have been met by the employer and the employee.

  • The contribution amount with regard to a change in unfunded liability due to a change in plan provisions (other than a Golden Handshake) shall be the dollar amount required to amortize that change in unfunded liability over a period of 20 years from the date of the actuarial valuation which first recognizes that change in unfunded liability.


More Definitions of Golden Handshake

Golden Handshake. If the Office of the Governor and the Department of Finance advise the CSU of the availability of an early retirement program, the CSU will notify CSUEU, and upon written request from the Union, meet and confer regarding the availability (21.S8). Public Transportation Incentives: Campuses shall encourage the use of mass transportation by promoting programs such as free/discounted mass transit passes, van pools, ride share programs, permits for bike riders in inclement weather and commuter tax benefit programs (21.S9). When possible, CSU shall adjust employee²s work schedule to accommodate use of alternative transportation (21.40).
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Golden Handshake. CSEA may request that the Board consider offering a “Golden Handshake” to eligible unit members. If granted, the Board will open an application window for a “Golden Handshake” retirement incentive. The minimum requirements for Board consideration will be twenty years of district service, age 55 and retirement approval from the Public Employee Retirement Systems (PERS).
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