Early Retirement Incentive Program. The Program is designed to encourage the early retirement of eligible employees by offering an incentive to retire in the form of paid premiums in the group medical and dental health insurance program offered retirees by Blue Cross Blue Shield at the time of the eligible employee’s retirement. The payment of premium will continue until the retired employee becomes eligible for coverage under the federal Medicare program, at which time the paid premiums shall cease. Full-time employees who have completed at least ten (10) years of continuous service within the State College System, and who are sixty (60) years of age or older are eligible to participate in this program upon providing six (6) months of advanced written notice. The employee shall be responsible for membership fees required by NSEA. In order to be eligible for this program, the employee has to meet the five (5) year Educator’s Health Alliance continuous coverage requirement.
Early Retirement Incentive Program. 16.1 In order to encourage early retirement for District classified employees, all classified employees who satisfy all of the following conditions are eligible for early retirement under this Article.
Early Retirement Incentive Program. The employer agrees to fully pay medical benefits for unit members, who retire, for a period of no more than five (5) years, or to the age of sixty-five (65) years, whichever comes first, subject to the following conditions:
Early Retirement Incentive Program. Any employee who is eligible for retirement under MPSERS and has not less than seven (7) consecutive years of service as an employee in the Cheboygan Area Schools shall have the option to be granted an early retirement supplemental pay incentive.
Early Retirement Incentive Program. Two Early Retirement Incentive Programs, Insurance and Cash Incentive, are available to eligible unit members who retire early. Unit members may participate in either or both of these programs.
Early Retirement Incentive Program. 14.1 Subject to the approval of the District, a person holding certificated qualifications may be employed as a consultant subject to the conditions set forth below:
Early Retirement Incentive Program. The District shall establish a committee with OPTA to evaluate annually the feasibility of an early retirement incentive plan. Any early retirement incentive program offered by the District is subject to negotiations. The final decision to offer an early retirement plan for bargaining unit members shall be determined by the Board of Education. The terms and conditions of a program will be outlined in a Memorandum of Understanding that will be developed between the Association and the District for retiring bargaining unit members. If a retirement incentive program is negotiated that includes a cash option, the retiring unit member shall receive their check no later than August 31st.
Early Retirement Incentive Program. 5 An early retirement program is established for Members subject to the following conditions:
Early Retirement Incentive Program. I. The district shall provide an early retirement benefit program to eligible employees only when all of the conditions listed below are met: General Conditions
Early Retirement Incentive Program. The District shall provide for an early retirement incentive program for those teachers who qualify and are interested in participating.
