Transition to Retirement. 24.1 An Employee may advise their Employer in writing of their intention to retire within the next five years and participate in a retirement transition arrangement.
Transition to Retirement. A tenured Bargaining Unit Member wishing to transition to full retirement may APPLY for TRANSITION under the following conditions: ● attains age 59 1/2 or older ● be a participant in the USNH approved retirement plan for at least 10 years ● not be participating in a USNH early retirement program ● not be on long-term disability or worker’s compensation
Transition to Retirement. 18.8.1. Any Lecturer Faculty member with 10 or more years of status service and is at least 59 1/2 years of age wishing to reduce their time status may apply to the Xxxx for approval to transition to full retirement.
Transition to Retirement. 32.1 A Doctor may advise their Health Service in writing of their intention to retire within the next five years and participate in a retirement transition arrangement.
Transition to Retirement. A tenured faculty member wishing to transition to full retirement may do so under the following conditions: • attains age 59 1/2 or older • be a participant in the USNH approved retirement plan for at least 10 years • not be participating in a USNH early retirement program • not be on long-term disability or worker’s compensation The faculty member must reduce employment to part-time (not to exceed 50 percent time). The faculty member’s salary base will be pro-rated based on the percent time of employment. Participating faculty will be eligible to continue their USNH group medical and dental coverage at the same contribution rate as a full-time faculty member until full retirement. However, long-term disability, life insurance, and contributions to the USNH retirement plan will be based on the pro-rated salary. The University will continue its contribution to medical and dental benefits coverage for up to three years beginning on the effective date of part-time employment.
Transition to Retirement a) The parties acknowledge the physically demanding aspect of performing work in a labour-intensive industry for an extended duration. The parties also acknowledge that long term Employees of the industry possess an extensive amount of knowledge and experience that can be beneficial for the Employer to maintain.
Transition to Retirement. 1. This program is strictly voluntary to teachers who have attained superannuation eligibility. Teachers interested in accessing this section are encouraged to direct inquiries regarding eligibility to the Director or Designate.
Transition to Retirement. 21.5.1 Council shall work with Employees to develop a retirement plan which supports a positive transition for both parties. Subject to operational requirements, an Employee and Council may enter into an agreement for the Employee to work on a phased retirement arrangement.
Transition to Retirement. Council’s Transition to Retirement Policy is a tool which has been created to provide employees nearing retirement with a range of flexible work practices to support them in making the transition from the workplace to retirement (refer to Council’s Transition to Retirement Policy, which is not incorporated in the terms of this Enterprise Agreement).
Transition to Retirement. 18.4.9.1 Transition to retirement is the phasing into retirement beyond an employee’s expected retirement date, by a graduated reduction in working hours, working days or workload.
