Common use of Retiree Defined Clause in Contracts

Retiree Defined. Being eligible for TIAA/CREF or MPSERS retirement allowance and contributions does not automatically qualify an employee for WMU retirement status benefits. To be eligible for WMU retiree status and the commensurate retirement benefits an employee must meet the following criteria: Employees hired before July 1, 1996 must have (1) completed a minimum of ten (10) years of service as a regular (continuing or terminal) full-time status employee with WMU and (2) Employees must be at least fifty five (55) years of age. Employees hired or re-hired on or after July 1, 1996 must (1) complete ten (10) years of continuous full-time service immediately preceding the date of retirement and (2) Employees must be at least fifty five (55) years of age. Employees hired or re-hired on or after January 1, 2014, must (1) complete fifteen (15) years of continuous full-time service immediately preceding the date of retirement and (2) Employees must be at least sixty (60) years of age. Continuity of service shall not be broken unless seniority is terminated as provided in Article 7.§4.

Retiree Defined. Being eligible for TIAA/CREF or MPSERS retirement allowance and contributions does not automatically qualify an employee for WMU retirement status benefits. To be eligible for WMU retiree status and the commensurate retirement benefits an employee must meet the following criteria: Employees hired before July 1, 1996 must have (1) completed a minimum of ten (10) years of service as a regular (continuing or terminal) full-time status employee with WMU and (2) Employees must be at least fifty five (55) years of age. Employees hired or re-hired on or after July 1, 1996 must (1) complete ten (10) years of continuous full-time service immediately preceding the date of retirement and (2) Employees must be at least fifty five (55) years of age. Employees hired or re-hired on or after January 1, 20142013, must (1) complete fifteen (15) years of continuous full-time service immediately preceding the date of retirement and (2) Employees must be at least sixty (60) years of age. Continuity of service shall not be broken unless seniority is terminated as provided in Article 7.§4.