Pre-Retirement. 35.01 An Employee who has attained age fifty-five (55), and has officially notified the Employer of their intended retirement date, will be entitled, in the final twelve (12) months prior to retirement, to one (1) day’s leave with pay for each ten (10) days sick leave accumulation in excess of one hundred and twenty (120) days. Such leave will be to a maximum of five (5) days.
Pre-Retirement. The College and the Union recognize a joint responsibility towards preparing employees for retirement upon acceptance of a mutually agreeable retirement program.
Pre-Retirement. 31.1 Staff in full-time or fractional-time continuing employment may elect to apply to reduce their time commitment under a pre-retirement contract to a fraction of not less than 0.3 and not more than 0.8 of full-time, when they are within five years or less of being eligible to receive a retirement benefit from their superannuation scheme.
Pre-Retirement. Banked load may be used pending retirement from the District: upon written notification of intent to retire. The faculty member shall, at the faculty memer’s discretion, use a semester of banked leave as the final semester of employment and have his/her retirement date effective at the conclusion of that semester.
Pre-Retirement. 34.01 After ten years of continuous service and upon retirement or death, employees shall be entitled to paid leave for the period immediately prior to retirement, calculated on the basis of three (3) calendar days per year, up to a maximum of ninety (90) calendar days, or calculated on the basis of fifty percent (50%) of sick leave entitlement, whichever is greater. The calculation of the retirement allowance is based on the daily rate of the retiring member’s salary on the date of retirement. The daily rate is the annual salary divided by three-hundred sixty-five (365).
Pre-Retirement. In the event Employee's employment by Corporation is terminated due to Employee's death, Employee's Beneficiary shall be entitled to receive a death benefit equal to the value of Employee's Deferred Compensation Account. Such death benefit shall be paid in a lump sum to Employee's beneficiary within one hundred twenty (120) days of Employee's death.
Pre-Retirement. 19.1.3 A unit member may elect to continue medical, dental and vision coverage while on unpaid leave as provided in Article 16, §16.6 of this Agreement. A unit member may elect to continue medical coverage while on a paid leave as provided in Article 16, §16.6 of this Agreement.
Pre-Retirement. Upon your death while actively employed, the Company will provide a lump sum payments to a Beneficiary or Beneficiaries you have designated in this agreement in the amount of $120,000.00. This benefit will be made payable as soon as administratively feasible. Any notional or excess amount of death benefit beyond $120,000.00 that may be created by any associated actual life insurance policy maintained on your life by the company will remain as an asset of the company. If you fail to designate an appropriate Beneficiary or Beneficiaries, or if your Beneficiary or Beneficiaries have all predeceased you, your Death Benefit will be paid as a single lump sum to the personal representative of your estate.
Pre-Retirement. The District shall provide the opportunity for a full-time employee to reduce the work year for full- time to part-time duties and retain all retirement benefits. The employee would be expected to meet all the following requirements:
Pre-Retirement. If a Participant with a vested benefit for whom retirement benefits have not commenced dies, then except as otherwise provided in Schedule B, there shall be a death benefit payable under this Plan equal to the portion of the Participant’s Applicable Benefit Amount set forth in Schedule B or Schedule C, as the case may be, that can be provided by the amount the Bank has accrued on its books as a liability for the Participant’s benefit under this Plan as of the date of the Participant’s death, minus the amount of the death benefit, if any, that is payable under any death benefit or insurance arrangement that specifically references this Plan (but not less than zero).
