Voluntary Early Retirement. The Board will provide a voluntary early retirement program for classified employees who were hired prior to July 1, 1996. The substance and procedures of the program, and any changes thereto, are in each instance to be determined by the Board. Alterations shall not be applied retroactively to affect any retired employee receiving benefits from the program.
Voluntary Early Retirement. It is recognized that a program of voluntary retirement from service to Xxxxx State University can at times be of benefit to the individual employee and the University.
Voluntary Early Retirement. 23.1 Any early retirement incentive program for eligible employees of the District shall be in accordance with the NRS and the NPERS policies and regulations. Employee participating in the NPERS are eligible to retire at any age with 30 years of services or at age 60 with 10 years of service or at 65 years of age with five years of service. NRS provide that a member of the NPERS with five years of service may purchase up to five years of service. NRS further provides that an employer may choose to pay any portion of the cost to purchase retirement service credits for an employee, but is under no obligation to do so.
Voluntary Early Retirement. The District proposes an early retirement incentive program to employees who have reached 55 years of age after having completed eighteen (18) consecutive years of employment in the District. Eligible employees may retire June 30, December 31, or with approval of the service area director, dependent on the job requirements. Written notice must be given sixty (60) days in advance. As an early retirement incentive for an employee, age 55 to age 65, opting for retirement, the District agrees to provide up to $150.00 per month for four (4) years to a maximum of $7,200 to each early retiree towards medical, dental and vision insurance premiums. It is understood the coverage is subject to the rules of the insurance carrier. If the costs exceed $150 per month and the employee elects to maintain that level coverage, the retired employee shall pay the difference. In no case will the District provide this benefit beyond age 65. If the spouse/domestic partner of the employee is, at the time of an employee’s death, not eligible for Medicare, the District shall provide single-party medical insurance contribution up to the duration of the time the deceased employee was eligible for benefits. No benefits provided under this Article shall be available for any employee whose employment begins after October 31, 1999.
Voluntary Early Retirement. 12 A. The District shall provide a voluntary early retirement program, known as Plan C, for any 13 employee who has served in a credentialed position in the District for a period of not less 14 than five (5) years and attained education experience under the provision of this contract 15 for not less than twenty (20) years, and elects to retire between ages 55 and 65.
Voluntary Early Retirement. SUCCESS employees are not eligible for provisions of this Article.
Voluntary Early Retirement. See Appendix D, "Voluntary Early Retirement Program", which is attached hereto and which forms part of this Collective Agreement.
Voluntary Early Retirement. In all other circumstances and respects, the provisions of clause 35 of the Main Agreement will continue to apply.
Voluntary Early Retirement. All pension calculations are based on retirement at the age of 65 except for employees who have reached age 55 and have completed at least 30 years of recognized service. Any other employee who retires with the consent of the Company during the ten years prior to Normal Retirement Date may elect one of the following options:
Voluntary Early Retirement. Where the University chooses to offer a voluntary early retirement scheme, it will consult with the union, and will provide as a minimum a lump sum benefit of two weeks salary for each year of service with a maximum payment of 52 weeks salary. This benefit will be additional to the employee’s other entitlements on retirement.
