Retirements. Any member who is anticipating retirement should provide written notification to the Chief no later than twelve (12) months in advance of the anticipated date. The intent of such notification is to help the Chief plan for funding and manpower needs of the Department.
Retirements. Employees who are at least fifty years of age and have worked in the District for at least ten years are eligible, upon retirement, to be compensated for up to fifty days of accrued sick leave. Sick leave days shall be computed by taking the number of hours of accrued sick leave divided by the number of hours per day that the employee works. Sick leave days shall be compensated at the rate of fifty percent of the hourly rate last earned by the employee. Health and welfare benefits shall be available as set forth in Article VII-D.
Retirements. All employees who wish to retire must submit written retirement 60 days in advance unless a lesser number of days are mutually agreed upon.
Retirements. A. Persons who expect to retire at the end of a particular school year should notify the Central Office prior to January 1st of that year. If a person does not notify the Central Office by January 1st, the Board has the right to delay compensation for accumulated unused sick leave for 90 days beyond the date set forth in Section B. Persons who expect to retire at any time other than the end of the school year, should notify the Central Office at least 120 days in advance. If such a person does not give at least 120 days notice, the Board has the right to delay payment of accumulated unused sick leave for 90 days beyond the date set forth in Section B. All above notice requirements are waived when retirement is due to medical necessity.
Retirements. 3.3.1 Upon official notice of retirement, pursuant to NYSTRS and a minimum of ten years of employment with the District, accumulative leave will be converted into a retirement benefit. A maximum of 280 days may be used. A dollar value of $250 per day will be assigned for each day of paid leave. The maximum retirement benefit will be $70,000. The retirement benefit will be used by the District to pay any health insurance, life insurance, or comparable benefit premiums, until such time as the benefit amount is exhausted. In any fiscal year, no more than $20,000 will be drawn from the retiree’s account. In the event the employee predeceases his/her spouse, the spouse will be allowed to continue the benefit until the bank is exhausted or death, whichever comes first.
Retirements. The District shall notify the PVFT President by email of receipt of a retirement letter from a unit member. PVFT shall notify the District by email to the Assistant Superintendent for Human Resources within 2 days of its receipt of the District’s email if the employee wishes to rescind the retirement. If rescinded the original resignation or retirement letter shall be of no effect and the employee reinstated to his/her position as a certificated member of the District.
Retirements. If an item capitalized replaces an asset with a remaining life on the books, the replaced asset should be written off. SCHEDULE V - STR Competitive Set (See Attached)
Retirements. The removal, replacement, abandonment, permanent withdrawal from use, destruction, loss from any cause, sale, taking under power of eminent domain or other disposition of Fixed Property of Exeter or the Company (as the case may be) shall constitute a Retirement of such property.
Retirements. Irrespective of the method by which the Scheme Employer notifies the Scheme Administrator that a Scheme member who have left employment is entitled to the immediate release of their pension benefits, The Scheme Administrator will notify the Scheme member of their benefit options within 5 working days of receipt of all relevant Scheme leaver information from the Scheme Employer. The Scheme Administrator will make payment of any retirement lump sum within 30 calendar days of the date of the Scheme member’s ‘retirement’ subject to all relevant information having been received from both the Scheme Employer and the Scheme member to enable them to do so.
Retirements. Section 14.1 The number of hours an employee works determines whether an employee subject to this agreement is eligible for participation in the Washington State Public Employees’ Retirement System. The District shall report all hours in accordance with the State Retirement System guidelines.
