Permanent retirement definition
Permanent retirement means you have finished gainful employment and the Trustee is reasonably satisfied that you never again intend to be gainfully employed for ten or more hours a week.
Permanent retirement means permanent retirement by a Participant from all employment (including, without limitation, self-employment), provided that if a Participant is party to an Employment Agreement that provides a definition of “permanent retirement” that differs from that set forth in the Standard Employment Agreement then, for purposes of the Plan with respect to such Participant, the term “Permanent Retirement” shall have meaning set forth in such agreement.
Permanent retirement means superannuation or disability under the provisions of the Public School Employees’ Retirement Act.
Examples of Permanent retirement in a sentence
Permanent retirement will be indicated by either a signed application for retirement benefits from the Indiana State Teachers Retirement Fund or a notarized statement offered to the School Employer stating that the requesting teacher plans to not teach elsewhere in public education in Indiana and will apply for retirement benefits from the Indiana State Teachers Retirement Fund at a later date.
K) Permanent retirement must be evidenced and application for retirement benefits must have been made by the retiring teacher.