REDUCED TEACHING LOAD WITH FULL RETIREMENT CREDIT Sample Clauses

REDUCED TEACHING LOAD WITH FULL RETIREMENT CREDIT. Section 24.1. The Board may permit a full-time unit member to reduce his or her workload from full-time to part-time and have his or her retirement benefits based upon full- time employment. Following are the rules and regulations for the implementation of the optional reduced load program with full retirement credit.
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REDUCED TEACHING LOAD WITH FULL RETIREMENT CREDIT. Section 24.1. The Board may permit a full-time unit member to reduce his or her workload from full-time to part-time and still receive the service credit the member would have received if the member had been employed in that position on a full-time basis and have his or her retirement allowance, as well as other benefits that the member is entitled to under Education Code 22713 and 87483 (or their successors), based, in part, on the final compensation the member would have been entitled to if the member had been employed on a full-time basis. An applicant for the optional reduced load program shall inform the Superintendent/President of the intention to make application for the optional reduced load program no later than February 1st for the following academic year. Following are the rules and regulations for the implementation of the optional reduced load program with full retirement credit for both members of STRS and PERS. For employees subject to coverage under the State Teacher’s Retirement System (STRS):
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REDUCED TEACHING LOAD WITH FULL RETIREMENT CREDIT 
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Related to REDUCED TEACHING LOAD WITH FULL RETIREMENT CREDIT

  • 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.

  • Dependent Care Salary Reduction Plan The Employer agrees to maintain the current dependent care salary reduction plan that allows eligible employees, covered by this Agreement, the option to participate in a dependent care reimbursement program for work-related dependent care expenses on a pretax basis as permitted by federal tax law or regulation.

  • Special Parental Allowance for Totally Disabled Employees (a) An employee who:

  • TEACHER TEACHING ON CALL PAY AND BENEFITS 1. The employer will ensure compliance with vacation provisions under the Employment Standards Act in respect of the payment of vacation pay.

  • Special Maternity Allowance for Totally Disabled Employees (a) An employee who:

  • 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.

  • Sick Leave Credit-Based Retirement Gratuities 1) A Teacher is not eligible to receive a sick leave credit gratuity after August 31, 2012, except a sick leave credit gratuity that the Teacher had accumulated and was eligible to receive as of that day.

  • 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.

  • Retroactive Pay for Terminated Employees An employee who has retired or severed his/her employment between the termination date of this Agreement and the effective date of the new Agreement shall receive the full retroactivity of any increase in wages, salaries or other benefits.

  • Retirement Age It is assumed that an employee terminates employment at the end of the school year in which the employee attains age 58 or at the end of the current year, if the individual is already 58 or older.

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