Retirement Incentive Eligibility Sample Clauses

Retirement Incentive Eligibility. To be eligible for the retirement incentive the following qualifications must be met:
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Retirement Incentive Eligibility. To be eligible for any of the following Plans, an employee must have at least (7) seven years of full-time service in the District and either:
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Retirement Incentive Eligibility. 1. If a teacher meets all of the eligibility requirements contained in L.2, the teacher shall be paid retirement benefits in accordance with Sections M and N of this Article. Once the teacher enters into the irrevocable retirement agreement, the benefits of this section in place at the time of the retirement agreement will be locked in. Modifications in successor collective bargaining agreements will not modify retirement agreements already in effect.
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Retirement Incentive Eligibility. A teacher who, at the date of retirement, (a) has a minimum of fifteen (15) years of creditable teaching experience with the District, (b) is eligible to retire under TRS; (d) has provided four years notice to the district and (d) can demonstrate, before participation, that the District will incur no TRS penalties or one- time refundable contributions; and meets the participation deadlines set forth below, will be eligible to participate in the District's retirement incentive plan as set forth below. If a teacher decides to retire before the intended retirement date, the Retirement Track Incentive Plan will not be adjusted retroactively from the date of the original retirement notice. Retirement Track Incentive Plan Eligible teachers applying for this incentive must submit a written notice to the Superintendent on or before the last day of the school term prior to the first year in which the teacher expects a 6.0% base increase in the Retirement Track Incentive Plan.
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Retirement Incentive Eligibility. The School District provides benefits under the District’s Early Notification Retirement Program.
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Retirement Incentive Eligibility. To be eligible for any of the following Plans, an employee must meet the following requirements:
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Related to Retirement Incentive Eligibility

  • Retirement Incentive a) If an employee gives the Board an irrevocable notice of retirement by February 1st four (4) years prior to the school year of retirement, the Board shall pay him/her a six percent (6%) retirement incentive, inclusive of all other increases in TRS creditable compensation, for each of his/her remaining four (4) years of service. If an employee gives the Board an irrevocable notice of retirement by February 1st three (3) years prior to the school year of retirement, the Board shall pay him/her a six percent (6%) retirement incentive, inclusive of all other increases in TRS creditable compensation, for each of his/her remaining three (3) years of service. If an employee gives the Board an irrevocable notice of retirement by February 1st two (2) years prior to the school year of retirement, the Board shall pay him/her a six percent (6%) retirement incentive, inclusive of all other increases in TRS creditable compensation, for each of his/her remaining two (2) years of service. If an employee gives the Board an irrevocable notice of retirement by February 1st one (1) year prior to the school year of retirement, the Board shall pay him/her a six percent (6%) retirement incentive, inclusive of all other increases in TRS creditable compensation, for his/her remaining year of service. Once an employee submits an irrevocable notice of retirement by February 1st, that employee shall be removed from the salary schedule contained in Article IX of this Agreement at the beginning of the following school year. All calculations for increased TRS creditable earnings will be based on the TRS creditable earnings in the year of the submission of the irrevocable notice of retirement. Once the employee submits an irrevocable notice of retirement an employee’s creditable earnings shall be increased by six percent (6%) of the year of submission, but in no case will the employee’s TRS creditable earnings increase exceed six percent (6%) of the year of submission. If, after submitting an irrevocable notice of retirement by February 1st, the employee resigns from, or is dismissed from duties for which the employee was paid a stipend or additional compensation the previous year, the retirement incentive for that employee will be recalculated accordingly.

  • RETIREMENT INCENTIVE PROGRAM A. A Retirement Incentive Program will be provided by the District based upon the conditions stipulated below:

  • EARLY RETIREMENT INCENTIVE PLAN 1. The Board will pay an allowance to continuing contract teachers who retire from teaching in the District under the Teachers' Pension Plan, before reaching age sixty (60), subject to the following conditions: The teacher must:

  • Benefit Eligibility For purposes of the Benefit Plan entitlement, common-law and same sex relationships will apply as defined.

  • Group Benefits Eligibility 7.2.1 Participation in the Plan shall be a condition of employment for all teachers commencing employment for a full school year.

  • Early Retirement Incentive The Employer may offer to any faculty member or a faculty member may apply for one of the early retirement incentive alternatives described herein, provided the faculty member meets the following criteria. The Union shall be advised in writing of any offer of early retirement made to a faculty member.

  • Employee Eligibility For purposes of this section, “eligible employee” shall be defined by the Public Employees’ Medical and Hospital Care Act.

  • Health Benefits Eligibility a. The State System shall provide an eligible permanent full-time active employee with health benefits. The State System shall provide permanent part-time employees who are expected to be in an active pay status at least fifty (50%) of the time every pay period with health benefits.

  • Benefits Eligibility The City offers healthcare benefits to regularly appointed full-time and part-time employees and their qualified dependents. The plan is administered in compliance with all applicable federal, state, local laws, statutes and rules.

  • Employees - Basic Eligibility Employees may participate in the Group Insurance Program if they are scheduled to work at least 1044 hours in any twelve consecutive months, except for:

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