Deferred Annual Leave for Retirement Purposes Sample Clauses

Deferred Annual Leave for Retirement Purposes. An employee who has completed twenty (20) or more years of continuous service and who is age fifty-five (55) or more, shall be entitled to defer annual leave for retirement purposes subject to the following stipulations:
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Deferred Annual Leave for Retirement Purposes. An employee who has completed twenty (20) or more years of continuous service and who is age fifty-five (55) or more, shall be entitled to defer annual leave for retirement purposes subject to the following stipulations: such deferment of annual leave is to a maximum of one week per year, and; to a maximum total of ten such weeks of deferred annual leave for retirement purposes; such deferred annual leave is to be used immediately prior to normal retirement only and is to be used as leave; the request to defer annual leave must be made known to the Human Resources Department, in writing, prior to December of the year in which such week of deferred annual leave is earned; an employee who terminates employment prior to normal retirement (or who dies) shall be paid for such deferred annual leave at termination; where former sick leave bank, vacation carryover, vacation earned in year of retirement, and overtime credits entitlements are due and owing to a retiring employee under this agreement, such entitlements shall be in addition to deferred annual leave under this article: an employee who has deferred annual leave credits shall not be entitled to any other leaves of absence during such deferred annual leave. At the commencement of deferred annual leave, the employee's position shall be declared vacant.
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Deferred Annual Leave for Retirement Purposes. 8.10 Annual Leave in the Year of Retirement
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Related to Deferred Annual Leave for Retirement Purposes

  • Pension Contributions While on Short Term Disability Contributions for OMERS Plan Members When an employee/plan member is on short-term sick leave and receiving less than 100% of regular salary, the Board will continue to deduct and remit OMERS contributions based on 100% of the employee/plan member’s regular pay.

  • VESTED RETIREMENT GRATUITY VOLUNTARY EARLY PAYOUT a) An Employee eligible for a Sick Leave Credit retirement gratuity as per Appendix A shall have the option of receiving a payout of his/her gratuity on August 31, 2016, or on the employee’s normal retirement date.

  • Vacation Leave on Retirement ‌ An employee scheduled to retire and to receive pension benefits under the Public Service Pension Plan Rules or who has reached the mandatory retiring age, shall be granted full vacation entitlement for the final calendar year of service.

  • Deferred Retirement a. An employee who, upon separation from County service, is eligible for paid retirement and elects deferred retirement must defer participation in the Grant until such time as he or she becomes an active retiree.

  • Tax Deferred Annuities The Board of Directors for the District shall provide and pay for such tax deferred annuities pursuant to RCW 28A.400.250 as the union shall request and the Board of Directors shall authorize. Payment for said annuities shall be at the option of the employee and deducted from the monthly salary as authorized by the individual employee.

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Broad Participation Retirement Fund A fund established in The Bahamas to provide retirement, disability, or death benefits, or any combination thereof, to beneficiaries that are current or former employees (or persons designated by such employees) of one or more employers in consideration for services rendered, provided that the fund:

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • Vacation Pay on Retirement Termination is as follows:

  • Life Insurance Upon Retirement 34.1 An employee who retires from the service of the Corporation subsequent to August 1, 2001, will, provided he is 55 years of age or over and has not less than 10 years' cumulative compensated service, be entitled to the sum of $8,000.00, payable to his estate upon his death.

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