TWO RETIREMENT Sample Clauses
TWO RETIREMENT. Full time retiring teachers covered under this agreement shall be eligible to receive, in addition to regular contracted salary, and upon completion of his/her final year of service, a one-time payment of $9,000. Eligibility:
22.1 Reach age 55 by his/her retirement year.
22.2 Notice of intent to retire must be in writing to the superintendent no later than November 1st of the last full year of employment. Said notice is final and binding, but may be waived, on a case-by-case basis, by the board.
22.3 Have served a minimum of fifteen (15) full time consecutive years as a teacher in the district. An approved leave shall not constitute a break in consecutive years for purposes of this Article.
22.4 Otherwise comply with the eligibility guidelines and regulations of the New Hampshire Retirement System.
TWO RETIREMENT. Full time retiring teachers covered under this agreement shall be eligible to receive, in addition to regular contracted salary, and upon completion of his/her final year of service, a one-time payment of $9,000. Eligibility:
22.1 Reach age 55 by his/her retirement year. cost for purposes of this adjustment is expected to equal the aggregate premium, plus any contributions to FSAs, HRAs and HSAs. The excise tax and adjustment may change with the cost of living per 26 U.S.C. 4980I(b)(3)(C)(v) or with amendments to the Affordable Care Act.
TWO RETIREMENT. 1. The Employer agrees to provide the retirement plans and related options heretofore in effect, as provided by the New York State Retirement and Social Security Law, it being understood that the Employer's sole obligation is to make the required contributions to the applicable state plan. Actual benefits are dictated by the State of New York and are subject to change.
2. The County provides Section 89-P and 603 (1) of the Retirement and Social Security Law for all employees in eligible titles.
3. The County provides Retirement and Social Security Law Section 552 and 553 and 553(b) for all employees in eligible titles.
4. Retired members who separate from service from the date of ratification of this agreement by the Orange County Legislature until December 31, 2015 and who have not received the County-issued Voluntary Separation Agreement shall be paid a one-time lump sum longevity payment of $7,000 as soon as practical upon receipt by the County of retirement notification from the NYS Comptroller.
5. The County hereby agrees, in case of line of duty injuries and illness which occur after January 1st, 2018, where an employee who holds a Corrections title is granted disability retirement by the state pension system, that the retiree will maintain a compensation level of
TWO RETIREMENT. 1. The Employer agrees to provide the retirement plans and related options heretofore in effect, as provided by the New York State Retirement and Social Security Law, it being understood that the Employer's sole obligation is to make the required contributions to the applicable state plan. Actual benefits are dictated by the State of New York and are subject to change.
2. The County provides Section 89-P and 603 (1) of the Retirement and Social Security Law for all employees in eligible titles.
3. The County provides Retirement and Social Security Law Section 552 and 553 and 553(b) for all employees in eligible titles.
1. Promotions for competitive employees shall be conducted pursuant to the regulations and Civil Service Law.
TWO RETIREMENT. 1. The Employer agrees to provide the retirement plans and related options heretofore in effect, as provided by the New York State Retirement and Social Security Law, it being understood that the Employer's sole obligation is to make the required contributions to the applicable state plan. Actual benefits are dictated by the State of New York and are subject to change.
2. The County provides Section 89-P and 603 (1) of the Retirement and Social Security Law for all employees in eligible titles.
3. The County provides Retirement and Social Security Law Section 552 and 553 and 553(b) for all employees in eligible titles.
4. Retired members who separate from service from the date of ratification of this agreement by the Orange County Legislature until December 31, 2015 and who have not received the County-issued Voluntary Separation Agreement shall be paid a one-time lump sum longevity payment of $7,000 as soon as practical upon receipt by the County of retirement notification from the NYS Comptroller.
5. The County hereby agrees, in case of line of duty injuries and illness which occur after January 1st, 2018, where an employee who holds a Corrections title is granted disability retirement by the state pension system, that the retiree will maintain a compensation level of ¾ of their final average salary. This compensation level will be the sum of the retiree’s disability retirement, worker’s compensation payments and the balance, if needed, will be paid by the County. This protective guarantee will sunset for the member when he or she reaches the statutory mandatory retirement for his or her plan. The County hereby agrees to subsidize the difference between the ¼ disability retirement amount allowed for the employees of the Orange County Sheriff’s Office and the ¾ disability retirement allowed for the other members. The combination of the employee’s disability benefit and the County’s subsidization shall amount to, but in no way, exceed ¾ of the employee’s final average salary.