Retirement Options. The Xxxxxxx Community College Board of Trustees may at its discretion grant one of the following retirement incentive plans to eligible faculty. The unit member must elect and may participate in only one of the three following retirement plans:
Retirement Options. Full-time faculty are required to contribute to a retirement plan effective with the date of hire, as provided by statute and state regulations. Part-time faculty who are contracted for at least fifty percent (50%) of a full- time load at the College or work a combined load of at least fifty percent (50%) at the College and other Washington State public institutions of higher education for two (2) consecutive academic quarters are required to contribute to a retirement plan at the start of the second (2nd) consecutive quarter.
Retirement Options. The District will offer the following programs for Unit Members to participate in at the time of retirement.
Retirement Options. Phased-in retirement Appointment, Part-time Appointment or Reduced- Scope Appointment
Retirement Options. 4.01 UBC Policy 49, “Reduced Workload/Responsibility Appointment – Non-Academic Staff”, remains an option available to staff. For those working beyond their Normal Retirement Date, and reducing their workload under Policy 49, applicable paragraphs under section 2.0 above supersede terms related to Benefits in Policy 49 (“Benefits”).
Retirement Options. Winding Down Scheme • A winding down scheme will be introduced to which teachers meeting the criteria can apply. To take this forward amendments will be made to the existing pension scheme to enable: • Long serving teachers to work for half time (or longer) in the five years before retirement age while preserving their previous pension expectations; • Such contracts could provide part-time work, including supply cover at either the previous level or in a post of less responsibility; • The mechanism, details of which are still to be finalised will credit a full year's pensionable service for each year worked under the special part-time contract; • The likely eligibility conditions will be 25 years service as a teacher with some allowance made within this for periods of part-time service or career breaks. • It is recognised that the implementation of this scheme requires specific operational and equalities issues to be addressed before a final scheme can be agreed and put in place. The Scottish Negotiating Committee for Teachers will undertake further work in this regard with the Scottish Public Pensions Agency to develop the details of the winding down scheme.
Retirement Options. The parties have submitted legislation to the County Council that would establish a Defined Contribution Retirement Plan for non-public safety employees hired on or after July 1, 1994, and any other employee who desires to transfer to the new system from the existing retirement system. The parties shall submit legislation to the County Council that would establish a one-time irrevocable choice between the Defined Contribution Retirement Plan (RSP) and the Guaranteed Retirement Income Plan (GRIP) for non-public safety employees hired on or after July 1, 1994. See Appendix XIX for GRIP Specifications.
Retirement Options. Full-time Faculty
Retirement Options. Eligible employees may select ONLY ONE (1) of the following retirement options:
Retirement Options. 1. The retiree may elect to receive the monthly stipend and insurance benefits as outlined in Section B. above.
