Common use of Early Retirement Option Clause in Contracts

Early Retirement Option. 1: The "Golden Handshake Program" shall be made available to HCOE retiree applicants who meet all eligibility and other legal requirements, provided the program is offered under the PERS retirement sys- tem. This program provides the retiree an enhanced monthly benefit annuity as a result of the Employer purchasing additional service credit at the time of the employee's retirement, per Government Code Section 20904. During each year of the Agreement, there will be two window periods during which employees may apply for the Golden Handshake Program.

Early Retirement Option. 1: The "“Golden Handshake Program" ” shall be made available to HCOE retiree applicants who meet all eligibility and other legal requirements, provided the program is offered under the PERS retirement sys- tem. This program provides the retiree an enhanced monthly benefit annuity as a result of the Employer purchasing additional service credit at the time of the employee's ’s retirement, per Government Code Section 20904. During each year of the Agreement, there will be two window periods during which employees may apply for the Golden Handshake Program.

Early Retirement Option. 1: The "Golden Handshake Program" shall be made available to HCOE retiree applicants who meet all eligibility and other legal requirements, provided the program is offered under the PERS retirement sys- temsystem. This program provides the retiree an enhanced monthly benefit annuity as a result of the Employer purchasing additional service credit at the time of the employee's retirement, per Government Code Section 20904. During each year of the Agreement, there will be two window periods during which employees may apply for the Golden Handshake Program.