RULE OF. 75 In recognition of employees who have age and service equal to or greater than seventy-five, the “Rule of 75” has been created as an aid towards retirement. A list of employees whose combination of age plus house seniority is equal to or greater than 75, at December 31 each year, will be prepared by Human Resources. Based on operational capability of the department to allow a certain number of employees to be approved in descending order of posted classification seniority, the eligible employees may identify their desire to work 3 or 4 days or such other reduced schedule as may be reasonably agreed. Approved employees will continue to maintain full-time status, but will not be scheduled or entitled to hours beyond those agreed. Approved employees’ benefits will be based on the calculation of hours paid. Where arrangements cannot be made to implement the Rule of 75 in a department, discussion shall occur between the Union and the Employer as soon as possible. In any event, this provision shall not constitute super-seniority. Employees who have been approved for the Rule of 75 must re-apply by December of each year and may only review and revise their participation in December of each year.
RULE OF. EffectiveJuly any member who on the date of retirement is represented by the Power Workers Union may, on or after !he first day of the month in which the sum of the member's age in years and years of continuous employment is equal to or greater than eighty two receive a pension that is percent of the member's earned pension computed in accordance with the rules of the pension plan, in particular, rule Employees who do not qualify for an unreduced early retirement pension under (e) or (e) may retire without discount after completing years of continuous service. greater.
RULE OF. 85 Program. The Employer shall contribute on behalf of the Package Car Drivers, Feeder Drivers, and Tractor Trailer Drivers only, a surcharge of twenty percent (20%) of the contribution rate otherwise owed in accordance with Section 11.01 per compensable hour into the Alaska Teamster-Employer Pension Trust for the purpose of providing and funding the adoption of the Rule of 85 Program. Under the terms of the Rule of 85 Program, the Employer is required to pay this additional surcharge into the Alas- ka Teamster-Employer Pension Trust, and once enacted, it may not be reduced nor eliminated.
