Progressive Retirement Program Clause Samples
The Progressive Retirement Program clause establishes a structured process for employees to transition gradually from full-time work to retirement. Typically, this clause outlines eligibility criteria, the phased reduction of work hours or responsibilities, and any adjustments to compensation or benefits during the transition period. Its core function is to provide flexibility for both the employer and employee, facilitating workforce planning while supporting employees in managing their retirement transition smoothly.
Progressive Retirement Program. The parties agree with the continuation of the Progressive Retirement Program during the life of this Collective Agreement. The terms of this Program are in accordance with the Announcement dated April 22, 1996 and attached Program.
Progressive Retirement Program. The current Progressive Retirement Program is a Treasury Board initiative, which is directly tied to the Public Service Pension Plan. The parties agree to the continuation of the Progressive Retirement Program through to 2018 September 12 when CNL’s transitional coverage under the Public Service Superannuation Act ends. The terms of this Program are in accordance with the Company Program, as attached.
Progressive Retirement Program. DEFINITION/DESCRIPTION
Progressive Retirement Program. Progressive retirement is a leave arrangement, which permits employees who are approaching retirement age to reduce their workload and hours of work progressively by using leave without pay, so that the transition to retirement is gradual rather than abrupt. The program is available to employees on an ongoing basis.