Common use of Retirement Pay Clause in Contracts

Retirement Pay. An Employee who retires from the service of the District shall receive a retirement sum of two (2) days pay at the Employee’s current rate of pay for each year or part year worked as an Employee. For the purpose of this retirement pay clause, “retire” means an Employee leaving the service of the District and receiving benefits under the Pension (Municipal) Plan or upon receipt of a disability allowance or upon resignation by the Regular Full-time Employee after twenty-five (25) years of full-time service with the District.

Retirement Pay. ‌ An Employee who retires from the service of the District shall receive a retirement sum of two (2) days pay at the Employee’s current rate of pay for each year or part year worked as an Employee. For the purpose of this retirement pay clause, “retire” means an Employee leaving the service of the District and receiving benefits under the Pension (Municipal) Plan or upon receipt of a disability allowance or upon resignation by the Regular Full-time Full Time Employee after twenty-five (25) years of full-full time service with the District.

Retirement Pay. An Employee who retires from the service of the District shall receive a retirement sum of two (2) days pay at the Employee’s current rate of pay for each year or part year worked as an Employee. For the purpose of this retirement pay clause, “retire” means an Employee leaving the service of the District and receiving benefits under the Pension (Municipal) Plan or upon receipt of a disability allowance or upon resignation by the Regular Full-time Full Time Employee after twenty-five (25) years of full-full time service with the District.

Retirement Pay. An Employee who retires from the service of the District shall receive a retirement sum of two (2) days pay at the Employee’s current rate of pay for each year or part year worked as an Employee. For the purpose of this retirement pay clause, “retire” means an Employee leaving the service of the District and receiving benefits under the Pension (Municipal) Plan or upon receipt of a disability allowance or upon resignation by the Regular Full-time Employee after twenty-five (25) years of full-time service with the District.the

Retirement Pay. An Employee employee who retires from the service of the District shall receive a retirement sum of two (2) days pay at the Employee’s employee's current rate of pay for each year or part year worked as an Employeeemployee. For the purpose of this retirement pay clause, “clause "retire” " means an Employee leaving employee leaves the service of the District and receiving benefits under the Pension (Municipal) Plan within five years of age or upon receipt of a disability allowance or upon resignation by the Regular Full-time Employee after twenty-five (25) years of full-time service with the Districtallowance.

Retirement Pay. An Employee who retires from the service of the District shall receive a retirement sum of two (2) days days’ pay at the Employee’s current rate of pay for each year or part year worked as an Employee. For the purpose of this retirement pay clause, “retire” means an Employee leaving the service of the District and receiving benefits under the Pension (Municipal) Plan or upon receipt of a disability allowance or upon resignation by the Regular Full-time Employee after twenty-five (25) years of full-time service with the District.