Retiree Death Benefits. Upon retirement from the College, Ohio Public Employee Retirement System (OPERS) and Alternative Retirement Plan (ARP) participants are provided with a death benefit including paid up, no cash value, death benefit of $5,000 upon retirement. To be eligible for this benefit, the participant must be a regular, full‐time employee with five (5) years’ consecutive, full‐time service immediately prior to retirement and who are eligible to retire. Eligibility to retire is defined as: An employee who is in retirement status under one of the State of Ohio retirement systems or an ARP participant who separates from the College at age 60 with at least five years of service, or at least age 55 with 25 years of service, or any age with 30 years or more of service. The death benefit shall be $7,500 if, at the time of retirement, and before the employee cashes out his sick leave for retirement purposes, the employee has at least 35 sick leave days accumulated, except when sick leave usage was due to FMLA certified illness.
Retiree Death Benefits. The present Agreement shall in force during the negotiations for its renewal until an Agreement has been reached in respect to such renewal and until the new Agreement has been signed by the parties.
