Retiree Definition Clause Samples
The Retiree Definition clause establishes the criteria for who qualifies as a retiree under the terms of an agreement or policy. It typically specifies factors such as minimum age, years of service, or official retirement status required to be considered a retiree. For example, it may state that employees who leave the company after reaching age 60 with at least 10 years of service are deemed retirees. This clause ensures clarity in determining eligibility for retiree benefits, preventing disputes and misunderstandings regarding who is entitled to such provisions.
Retiree Definition. A retiree is a former employee of the City of Mt.
Retiree Definition. There are three types of retiree status. For all three types the former faculty or staff member must have served in a status position for a period equal to 10 or more years of service at the time of retirement or departure from USNH active service status.
9.2.1.1 Retiree (ARC) – a faculty or staff member with the Additional Retirement Contribution Plan either by choice or by beginning employment within USNH on or after 7/1/94, and who has reached at least age 62.
9.2.1.2 Retiree (Benefits) – a former faculty or staff member hired prior to 7/1/94 who has reached at least age 62 and has 10 or more years of full-time service and at least 10 years of participation in a USNH sponsored retirement plan, and who chose the retiree medical coverage instead of the additional retirement contribution (ARC).
9.2.1.3 Retiree (Cooperative Extension) – a former faculty or staff member within Cooperative Extension who meets the requirements for retirement under the Civil Service Retirement System.
Retiree Definition. For the purposes of this section a "Retiree" is anyone who meets all the following conditions: is vested in CalPERS; has reached the age of CalPERS retirement (age 50 for classic employees or age of 57 for new members as defined in Section 8.1 (California Public Employees’ Retirement System) of this MOU; and has separated from the City.
Retiree Definition. A retiree is a former EMPLOYEE of the EMPLOYER 6 who has met the following criteria:
7 A. 20 years of service at any age, or
8 B. Age 60 and 10 years of service.
Retiree Definition. A retiree is a former faculty or staff member who has served within the University System and meets each of the following:
21.2.1.1 has been eihployed in a status position for a period equal to ten or more years of full-time service.
21.2.1.2 has been an actively participating member [either through contributions made by or on behalf of the faculty or staff member (i.e., disability waiver) or by membership in a non-contributory program] in one of the following retirement plans for at least ten years: TTAA/CREF Fidelity State of New Hampshire Retirement Program NH Firefighters' Retirement Program NH Teachers' Retirement Program Operating Staff Retirement Program
21.2.1.3 has attained age 62 or older and elects normal retirement from the University System, uiUess on full early retirement.
Retiree Definition. Employees Hired Prior to 01/01/06 For Employees hired prior to 01/01/06 (except as identified in 5.15.1) and retiring under the following criteria: • after twenty-five (25) or more years of continuous service with the Employer AND at or after the age of fifty-five (55); • OR if the employee is eligible under the Rule of 90 as per PERA rules • OR an employee with ten (10) years or more of continuous service with the Employer and at or after the age of sixty-two (62).
Retiree Definition. Police Chief and Deputy Police Chief For Employees who are hired as Police Chief and Deputy Police Chief as of 01/01/18, said employees will remain eligible to retire at age 50 with 25 years of service, ▇▇▇ ▇▇▇▇.