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.
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 annual contribution amount with regard to a change in unfunded liability due to a Golden Handshake shall be the contribution rate or dollar amount required to amortize that change in unfunded liability over a period of 5 years from the date of the actuarial valuation which first recognizes that change in unfunded liability.
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.
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.