Early Retirement Scheme Sample Clauses

Early Retirement Scheme. The Early Retirement Scheme for the Metalektro, as further described in the Scheme and in the Collective Agreement in the Metalektro: Early Retirement.
Sample 1
AutoNDA by SimpleDocs
Early Retirement Scheme. (RVU Scheme) An employee with three years or less remaining before reaching the age of entitlement to state old­age pension (AOW) has the option of ending their employment earlier than the date of their entitlement to state pension and thus make use of the temporary easing of the RVU scheme in the pensions agreement if they have been in the service of the employer for an uninterrupted period of at least 10 years. The amount of the benefit will be € 1,874 gross per month for full­time employment and will be adjusted proportionally in line with the working hours if these are shorter. Application for the RVU scheme must be made to the employer at least six months before the intended commencement date, and the employee must take the initiative to discuss with the employer their reasons and how the RVU scheme contributes to their vitality. The employer decides whether to grant the scheme and will give its reasons in writing if the application is rejected. The CLA agreement on the RVU scheme applies to the current CLA, after which it will be evaluated by the parties to the CLA. If the statutory extension of the RVU scheme ends, so does this CLA agreement. 72 CLA Banks 73 12 Position of trade unions and employment Trade unions
Sample 1
Early Retirement Scheme. (RVU Scheme) An employee with three years or less remaining before reaching the age entitlement to old-age state pension, (AOW) has the option of using a temporary easing of the RVU scheme in the pensions agreement if they have been in service with the employer for an uninterrupted period of at least 10 years. The amount of the benefit will be 1 1,874 gross per month for full-time employment and will be adjusted proportionally in line with the working hours if these are shorter. Application for the RVU scheme must be made to the employer at least six months before the intended commencement date, and the employee must take the initiative to discuss with the employer their reasons and how the RVU scheme contributes to their vitality. The employer decides whether to grant the scheme and will give its reasons in writing if the application is rejected. The CLA agreement on the RVU scheme applies to the current CLA, after which it will be evaluated by the parties to the CLA. If the statutory extension of the RVU scheme ends, so does this CLA agreement. 12 Position of trade unions and employment Trade unions
Sample 1
Early Retirement Scheme. The employer shall on a regular basis give consideration to making application to the Australian Taxation Office for approval to offer an Early Retirement Scheme (ERS). The terms and conditions of the proposed ERS application shall be subject to negotiation with employees and approval of the Australian Taxation Office.
Sample 1
Early Retirement Scheme 
Sample 1

Related to Early Retirement Scheme

  • Early Retirement An employee entitled to twenty-five (25) or more days of annual vacation shall be entitled to defer up to five (5) days per year of vacation into an Early Retirement Bank. An employee entitled to thirty (30) or more days of annual vacation shall be entitled to defer up to ten (10) days per year of vacation into an Early Retirement Bank. Such deferred vacation may only be taken immediately prior to retirement. The Employer may, at its sole discretion, permit an employee to use such banked vacation under other circumstances.

  • Early Retirement Option The District may offer an early retirement incentive for unit members.

  • 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 Benefits If elected in the Adoption Agreement, an Early Retirement benefit may be available to individuals who meet the age and Service requirements that are specified in the Adoption Agreement. A Participant who attains his or her Early Retirement Date will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

  • EARLY RETIREMENT INCENTIVE PLAN 1. The Board will pay an allowance to continuing contract teachers who retire from teaching in the District under the Teachers' Pension Plan, before reaching age sixty (60), subject to the following conditions: The teacher must:

  • Normal Retirement Age Normal Retirement Age shall mean the date on which the Executive attains age sixty-five (65).

  • Benefits on Early Retirement The Hospital will provide equivalent coverage to all employees who retire early and have not yet reached age 65 and who are in receipt of the Hospital’s pension plan benefits on the same basis as is provided to active employees for semi-private, extended health care and dental benefits. The Hospital will contribute the same portion towards the billed premiums of these benefits plans as is currently contributed by the Hospital to the billed premiums of active employees.

  • Normal Retirement Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

  • Normal Retirement Date The date on which the Executive attains age sixty-five (65).

  • Post-Retirement Employment Unit members who retire from the University during the term of this Agreement may propose a post-retirement appointment of up to three years duration. During this post-retirement appointment, the total of retirement benefits and post-retirement salary paid by the University shall not exceed the salary paid at the time of retirement. The annual compensation received from the University for the post-retirement appointment shall not exceed fifty (50) percent of the annual salary at the time of retirement. The duties for a post-retirement appointment shall be defined and agreed to in writing by the bargaining unit member and the Employer/University Administration prior to the bargaining unit member's retirement. Such appointments are at the discretion of the Employer/University Administration and are subject to existing law and all rules and regulations of the State Retirement Board. The decision of the Employer/University Administration not to approve a proposal for a post-retirement appointment shall not be grievable under the Grievance and Arbitration Procedure, Article 7.

Time is Money Join Law Insider Premium to draft better contracts faster.