Disability Pensions. Effective August 1, 1982 the Authority shall discontinue the previous practice of additional pension payments to those employees who will become eligible for a disability pension for the Public Employees' Retirement System. Any person presently qualified to receive additional pension benefits shall continue to receive those benefits. The Authority shall have the right to administer this program through lump sum payments, annuities, or other financial instruments, which provide qualified participants with the benefits of equal economic value.
Appears in 2 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement