Corrections Early Retirement Incentive. Please refer to Article 23, Corrections Early Retirement Incentive.
Corrections Early Retirement Incentive a. Any supervisor who attains the age of fifty-five (55) after the effective date and before the expiration date of the contract and who is covered by the Correctional Early Retirement Plan may opt during the pay period in which his/her fifty-fifth (55th) birthday occurs to take advantage of the early retirement incentive. Supervisors exercising this option must be eligible for insurance coverage under the provisions of this Article and shall be provided with health and dental insurance which the supervisor was entitled to at the time of retirement, subject to any changes in coverage in accordance with this or any subsequent Agreement. Supervisors eligible to receive an Employer Contribution for medical and dental coverage immediately prior to taking advantage of the early retirement incentive shall continue to receive an Employer Contribution as set forth below for themselves and their enrolled dependents until the supervisor attains the age of sixty-five (65). A supervisor who retires with no Employer Contribution for dependent coverage or who terminates dependent coverage following retirement, shall not subsequently be eligible for a contribution for dependent coverage. Receipt of early retirement insurance benefits is contingent upon completion of all the required forms and continued payment of the required premium.
Corrections Early Retirement Incentive a. Effective October 24, 2007, any supervisor who attains the age of fifty-five (55) and is covered by the Correctional Early Retirement Plan may opt during the pay period of their fifty-fifth (55th) birthday or any pay period thereafter to take advantage of the early retirement incentive. Any supervisor covered by the Correctional Early Retirement Plan who retires prior to October 24, 2007 may take advantage of the early retirement incentive provided such supervisor retires in the pay period in which he/she attains the age of fifty-five (55). A supervisor attaining the age of fifty-five (55) prior to October 24, 2007 and who elected not to retire during the pay period in which they turned fifty-five (55) are no longer eligible for this benefit. Supervisors exercising this option must be eligible for insurance coverage under the provisions of this Article and shall be provided with health and dental insurance which the supervisor was entitled to at the time of retirement, subject to any changes in coverage in accordance with this or any subsequent Agreement. Supervisors eligible to receive an Employer Contribution for medical and dental coverage immediately prior to taking advantage of the early retirement incentive shall continue to receive an Employer Contribution as set forth below for themselves and their enrolled dependents until the supervisor attains the age of sixty-five (65). A supervisor who retires with no Employer Contribution for dependent coverage or who terminates dependent coverage following retirement, shall not subsequently be eligible for a contribution for dependent coverage. Receipt of early retirement insurance benefits is contingent upon completion of all the required forms and continued payment of the required premium.
Corrections Early Retirement Incentive. Please refer to Article 23, Correctional Employees Retirement Plan.
Corrections Early Retirement Incentive. Any nurse who attains the age of fifty five (55) after August 23, 2007 and before the expiration date of the contract and who, in the preceding three (3) years from their fifty-fifth (55th) birthday, was in a classification covered by the Correctional Early Retirement Plan may opt on or after the pay period in which his/her fifty-fifth (55th) birthday occurs to take advantage of the early retirement incentive. However, nurses age fifty-five (55) and over who previously declined this benefit are not eligible. These nurses shall receive the employer paid portion of medical and dental insurance premiums paid by the employer in the pay period on or after their (55th) birthday for themselves and their dependents until the nurse attains the age of sixty-five (65). The monthly employer paid portion of the premium shall not increase by more than one hundred dollars ($100) above the monthly amount paid by the employer in the pay-period on or after their fifty-fifth (55th) birthday over the period the nurse is receiving the Corrections Early Retirement Incentive. Nurses exercising this option must be eligible for insurance coverage under the provision of this Article and shall be provided with health and dental insurance coverage which the nurse was entitled to at the time of retirement, subject to any changes in coverage in accordance with this or any subsequent agreement. Nurses eligible to receive an Employer Contribution for medical and dental coverage immediately prior to taking advantage of the early retirement incentive shall continue to receive an Employer Contribution as set forth below for themselves and their enrolled dependents until the nurse attains the age of sixty-five (65). A nurse who retires with no Employer Contribution for dependent coverage or who terminates dependent coverage following retirement, shall not subsequently be eligible for a contribution for dependent coverage. Receipt of early retirement insurance benefits is contingent upon completion of all the required forms and continued payment of the required premium. Any nurse who attains the age of fifty (50) after the effective date and before the expiration date of the contract and who is covered by the Correctional Pre-Fifty-five (55) Early Retirement Plan may opt during any pay period between that in which his/her fiftieth (50) birthday occurs through the pay period in which his/her fifty-fifth (55th) birthday occurs, to take advantage of the pre-fifty-five (55) early retirement incen...
Corrections Early Retirement Incentive. Please refer to Article 22.
Corrections Early Retirement Incentive
