Early Retirement Incentive. The Employer may offer to any faculty member or a faculty member may apply for one of the early retirement incentive alternatives described herein, provided the faculty member meets the following criteria. The Union shall be advised in writing of any offer of early retirement made to a faculty member.
Early Retirement Incentive. For the purposes of this article early retirement is defined as retirement after age 55 and before age 65. During any fiscal year starting April 1, the Employer will offer or accept at least one, or the equivalent of at least one, five year early retirement incentive, provided that there are any such requests. The Employer may offer to an employee or an employee may request an early retirement incentive provided the employee meets the following qualifications:
Early Retirement Incentive. 31 11.1 Definition 31 11.2 Eligibility 31 11.3 Incentive Payment 31 ARTICLE 12 - SALARIES 31 12.1 Provincial Salary Scale 31 12.2 Secondary Scale Adjustment 32 12.3 Maintenance of Placement 32 12.4 Calculation of Pay 33 12.5 Overload 33 12.6 Faculty Administrative Stipends 33 ARTICLE 13 - EFFECT OF THIS AGREEMENT 33 ARTICLE 14 - INTERNATIONAL EDUCATION 34 14.1 General 34 14.2 Expenses 35 14.3 Health and Welfare Benefits 35 14.4 Emergencies and Emergency Evacuation 35 14.5 Orientation and Return 36 14.6 Application 36 ARTICLE 15 - HEALTH AND SAFETY EQUIPMENT 37 ARTICLE 16 - COMMON FACULTY PROFESSIONAL DEVELOPMENT FUND 37 16.1 Purpose 37 16.2 Process 37 16.3 Fund 37 ARTICLE 17 - TERM 37 APPENDIX A 38 PROVINCIAL SALARY SCALE 38 APPENDIX B 39 LIST OF INVESTIGATORS 39 APPENDIX C 40 DISPUTE REFERRAL FORM 40 APPENDIX D 41 LIST OF ARBITRATORS 41 APPENDIX E2 42 REGISTRY OF LAID OFF EMPLOYEES - FORM 2 42 APPENDIX F 43 MEDICAL TRAVEL REFERRAL BENEFIT 43 APPENDIX G 45 DENTAL PLAN 45 APPENDIX H 46 DEFERRED SALARY LEAVE APPLICATION, AGREEMENT, AND APPROVAL FORM 46 APPENDIX I 47 FAMILY MEMBERS FOR THE PURPOSE OF ARTICLE 7.8 COMPASSIONATE CARE LEAVE 47 LETTER OF UNDERSTANDING 1 49 EMPLOYMENT EQUITY – ABORIGINAL EMPLOYEES 49 LETTER OF UNDERSTANDING 2 50 MEDICAL SERVICES PLAN OF BC 50 LETTER OF UNDERSTANDING 3 51 EXPEDITED ARBITRATION 51 LETTER OF UNDERSTANDING 4 54 WORKING COMMITTEE ON SECONDARY SCALES 54 DEFINITIONS
Early Retirement Incentive. In those departments in which a reduction in staff is required, a faculty member shall be eligible to apply for an early retirement incentive providing he/she meets the following conditions:
Early Retirement Incentive. Health Insurance benefits shall be provided to employees who participate in the ERI for the period between the effective ERI date and the retirement insurance eligibility date with STRS providing the participant pays 100% of the Board cost one (1) month in advance.
Early Retirement Incentive. (a) The Employer may make a written offer of an early retirement incentive to a regular employee(s) who is age fifty-five (55) or over and has minimum of ten (10) years' contributory pensionable service in the Municipal Pension Plan.
Early Retirement Incentive. Members must provide written binding notification to Human Resources by February 1, 2008 of their retirement at the end of this school year. Members who do so will be paid an incentive as follows:
Early Retirement Incentive. Definition: For the purposes of the provision, early retirement is defined as retirement at or after age 55 and before 64. Eligibility:
Early Retirement Incentive. The purpose of the early retirement incentive plan is to provide an incentive for early retirement under the pre-layoff canvass outlined in Clause 36.1 where the retirement of an employee will prevent a layoff. While the clause is permissive in that individual implementation and approval is at the discretion of OC, there may be instances where a layoff has not been identified and there would be a benefit to the institution and the employee. In these instances OC would be prepared to review the request.
Early Retirement Incentive. In 2010 the University will create a program to provide a onetime lump sum payment to eligible employees that will serve as an early retirement incentive. Program details and operation, eligibility requirements, funding levels and the lump-sum payment amount will be determined by the University and be consistent with the requirements of Florida Statutes. The Union may request consultation on program details. The continuation of this program beyond 2010 is at the discretion of the University.
