Common use of Retirement Terminations Clause in Contracts

Retirement Terminations. An employee who retires is entitled to cash compensation at their then current hourly rate to a maximum of 900 hours of accrued paid leave. Employees who retire under PERS prior to age 58 shall receive cash compensation for one hundred (100%) percent of the first 300 hours of accrued paid leave, with the remainder of any accrued paid leave reduced by eight (8) percent for each year earlier than age 58, with the exception that of a PERS General Service Employee who retires with thirty (30) years of service.

Retirement Terminations. An employee who retires is entitled to cash compensation at their then current hourly rate to a maximum of 900 hours of accrued paid leave. Employees who retire under All compensation received by employees due to retirement shall be included as PERS prior to age 58 shall receive cash compensation for one hundred (100%) percent of the first 300 hours of accrued paid leavesubject compensation, with the remainder of any accrued paid leave reduced if permitted by eight (8) percent for each year earlier than age 58, with the exception that of a PERS General Service Employee who retires with thirty (30) years of servicePERS.

Retirement Terminations. a. An employee who retires is entitled to cash compensation at their then current hourly rate to a maximum of 900 hours of accrued paid leave. Employees who retire under PERS prior to age 58 shall receive cash compensation for one hundred (100%) percent of the first 300 hours of accrued paid leave, with the remainder of any accrued paid leave reduced by eight (8) percent for each year earlier than age 58, with the exception that of a PERS General Service Employee who retires with thirty (30) years of service.

Retirement Terminations. a. An employee who retires is entitled to cash compensation at their then current hourly rate to a maximum of 900 nine hundred (900) hours of accrued paid leave. Employees who retire under PERS prior to age 58 shall receive cash compensation for one hundred percent (100%) percent of the first 300 hours of accrued paid leave, with the remainder of any accrued paid leave reduced by eight percent (8) percent 8%) for each year earlier than age 58, with the exception that of a PERS General Service Employee who retires with thirty (30) years of service.

Retirement Terminations. a. An employee who retires is entitled to cash compensation at their then current hourly rate to a maximum of 900 nine hundred (900) hours of accrued paid leave. Employees who retire under PERS prior to age 58 shall receive cash compensation for one hundred percent (100%) percent of the first 300 hours of accrued paid leave, with the remainder of any accrued paid leave reduced by eight percent (8) percent for 8%)for each year earlier than age 58, with the exception that of a PERS General Service Employee who retires with thirty (30) years of service.