Golden Handshake definition

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

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 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.

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

  • 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.

  • 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 ▇▇▇▇▇▇ regarding said availability.

  • 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.

  • In concept we agree with the offering of Golden Handshake to our District permanent employees who meet the requirements precluding any cost to the District.


More Definitions of Golden Handshake

Golden Handshake provisions (Government Code Section 20903);
View Source
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).
View Source
Golden Handshake provisions (Government Code Section 20903). This incentive will not be capped and is available to all employees meeting CalPERS retirement eligibility criteria.
View Source
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).
View Source