Retirement Policy. Section 30.1 Any actively employed teacher with the equivalent of at least ten (10) full years of teaching service in Avondale, who qualifies for retirement benefits under the Michigan Public School Employees Retirement Fund (MPSERS), and who does retire under the MPSERS plan will be eligible for the following severance benefits in accordance with the conditions stated in this Article: In consideration of the teacher’s resignation from their employment and the other agreements contained herein, the school district agrees to pay the teacher the following incentive benefits: For ten (10) or more years of Avondale teaching service, severance upon retirement will be six thousand five hundred dollars ($6500). If a member retires during the 1st year of eligibility under MPSERS he/she will also receive a bonus payout of ten thousand dollars ($10,000) payable to the employee or designated beneficiary. It is expressly understood that a teacher leaving prior to the end of the school year will have their incentive prorated (the incentive will be divided by teacher work days to equal a daily rate – the amount will be paid out based on number of days worked). In cases of extenuating circumstance, the Superintendent may waive any proration to this benefit. Section 30.2 Application for retirement benefits will be submitted to the Superintendent or designee in writing or in an email no less than six (6) weeks prior to their effective retirement date.
Retirement Policy. The Trustees may, at any time and from time to time, establish a retirement policy and designate a retirement age for Trustees, whereby any Trustee shall be required to retire as a Trustee at the end of the calendar year in which such Trustee attains such age as determined by the Trustees; and any individual upon reaching such age may not be elected, re-elected or appointed to serve as a Trustee.
Retirement Policy. Section 1: Employees who reach the age of 55 and are eligible to retire under Michigan Retirement Law will submit to the Board a written notice of intention to retire at least sixty (60) days prior to the date of planned retirement
Retirement Policy. A regular faculty member shall retire from continuous employment at the College on August 31st next following the employee's 65th birthday. A regular faculty member who retires as a result of the application of this article and advises the College in writing prior to retirement that he/she wishes to instruct as a contract faculty member, shall retain FTE service for the purposes of claiming contract work of less than half-time. Benefits will be made available to these faculty in accordance with Article 13.10 until age seventy.
Retirement Policy. Except for those individuals who (a) are Trustees as of the date that the Commission declares the Trust's initial Registration Statement on Form N-1A effective or (b) were members of the Board of Directors or Trustees of an investment company having an investment adviser or principal underwriter under common control with the Trust's investment adviser or principal underwriter immediately prior to such investment company's combination with the Trust by merger, acquisition of assets or similar transaction, and of which Trustees may continue to be nominated as Trustees and to serve as Trustees if elected or appointed in accordance with Section 3.1 (c) of this Article III, an individual who has reached the age of seventy-two (72) years may not be elected, re-elected or appointed to serve as a Trustee.
Retirement Policy. 18.01 The age for compulsory retirement of a non-teaching employee from the service of the Halton District School Board shall be sixty-five (65) years of age subject to the following:
Retirement Policy. Effective January 1, 1999, Employees of this bargaining unit who meet all requirements for retirement under the Federal Social Security System (i.e., presently age sixty-two (62) or older, or by reason of disability qualifications), who have been employed or have served in a full time capacity for a period of ten (10) years or more, or who are fifty (50) years old with twenty-five
Retirement Policy. It is the policy of the Company that an employee shall retire on the first day of the month following his 65th birthday. This date is referred to as the Normal Retirement Date. Any employee who has completed at least thirty (30) years of recognized service may retire early on or after July 1, 1987 at his/her option on the first day of any month after his/her fifty-fifth (55) birthday with full pension credits. Such employee, retiring after March 1, 2005, will receive a Pension Supplement of $600 per month will be provided to age 60 reducing to $550 per month to age 65.
