Early Retirement Provisions. The Employer is committed to investing in its people so that we have the best available in the industry. Our employees are encouraged to display the corporate values of: Leadership, Respect, Focus, Performance and Persistence in their working endeavours. In recognition of the effort that the Employer's employees have made during their careers, the Employer considers it appropriate to make available an early retirement benefit. This benefit is available providing that:
Early Retirement Provisions. A. The Retirement Plan for the employees covered by this agreement shall provide for early retirement from the age of fifty-five (55) years up to sixty (60) years. The minimum benefit for early retirement shall be reduced by 3 percent per year if the employee retires at the age of fifty-eight (58) through fifty-nine (59) years of age. The minimum benefit pension for early retirement shall be reduced by 8 percent per year if the employee retires at the age of fifty-five (55) through fifty- seven (57) years of age plus the reduction described above for age fifty-eight
Early Retirement Provisions. 53.50 Effective on ratification of this Agreement, the Professional Pension Plan will be amended to eliminate the following Early Retirement provisions as applicable to UGFA Members.
Early Retirement Provisions. 29.1 In recognition of the effort that Xxxxxx employees have made during their careers, the Company considers it appropriate to make available an early retirement provision.
Early Retirement Provisions. As a special reward for long serving employees, we offer the following optional early retirement plan; this is subject to confirmation and agreement of Xxxxx’s Management. Criteria:
Early Retirement Provisions. 8.4.1 The Company is committed to investing in its people so that we have the best available in the industry. In recognition of the effort that the Company's Employees have made during their careers, the Company considers it appropriate to make available an early retirement benefit.
Early Retirement Provisions. As a special reward for long serving employees, we offer the following optional early retirement plan; this is subject to confirmation and agreement of Boral’s Management. Criteria:
Early Retirement Provisions a ☐ Plan includes early retirement provisions. i Requirements for early retirement are:
Early Retirement Provisions. X No Change Establishes the earliest age for commencement of early retirement allowance payments, as follows: ____ Age 45 or ____ Age 55 Provides the following early retirement features [complete (a) and (b)]: (a) Early Retirement Factors i ____ Actuarial Equivalent ii ____ 3% iii ____ Rule of 70 iv ____ Rule of 80
Early Retirement Provisions. A. If an employee gives the Board an irrevocable notice of retirement by July 1 three years prior to the year of retirement, the Board shall pay him/her a 6% retirement incentive, inclusive of all other increases in TRS creditable compensation, for each of his/her remaining three years of service. If an employee gives the Board an irrevocable notice of retirement by July 1 two years prior to the year of retirement, the Board shall pay him/her a 6% retirement incentive, inclusive of all other increases in TRS creditable compensation, for each of his/her remaining two years of service. If an employee gives the Board an irrevocable notice of retirement by July 1 one year prior to the year of retirement, the Board shall pay him/her a 6% retirement incentive, inclusive of all other increases in TRS creditable compensation, for each of his/her remaining year of service. Once an employee submits an irrevocable notice of retirement by July 1, that employee shall be removed from the salary schedules contained in Appendix A of this agreement. All calculations for increased TRS creditable earnings will be based on the TRS creditable earnings in the year prior to the submission of the irrevocable notice of retirement. Once the employee submits an irrevocable notice of retirement in no case will the employee's TRS creditable earnings increase exceed 6% of the previous year. If, after submitting an irrevocable notice of retirement by July 1, the employee resigns from, or is dismissed from duties for which the employee was paid a stipend or additional compensation as set forth in Appendices B the previous year, the retirement incentive for that employee will be recalculated accordingly.
