Payment of Pre-Retirement Leave Sample Clauses

Payment of Pre-Retirement Leave. (a) Payment shall, at the option of the employee, be made in a lump sum or as a continuation of salary until the scheduled retirement date is reached. Former Civil Service employees are entitled to the lump sum payment only and not the continuation of salary provision. However, in the event of a change in the legislation governing the Civil Service Superannuation Plan which would provide for the continuation of salary provisions, the former Civil Service employees shall be entitled to same.
AutoNDA by SimpleDocs
Payment of Pre-Retirement Leave. (a) Payment shall, at the option of the employee, be made in a lump sum or as a continuation of salary until the scheduled retirement date is reached.
Time is Money Join Law Insider Premium to draft better contracts faster.