Common use of Corrections Early Retirement Incentive Clause in Contracts

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. Any supervisor employee 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 Employees 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 employee was entitled to at the time of retirement, subject to any changes in coverage in accordance with this or any subsequent Agreement. Supervisors Employees 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 employee attains the age of sixty-five (65). A supervisor An employee 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.