Common use of Early Retirement Program Clause in Contracts

Early Retirement Program. 21.1 An early retirement program will be available for all employees who meet the following criteria: A. Age and length of service at BMU add up to 70 years or more. (2014) B. Have completed a minimum of fifteen (15) years of service at Blue Mountain Union. The following package will be available to all employees who qualify under A & B above: a. The Board will provide single premium coverage for health insurance and the Board will provide fifty percent (50%) of the difference between single premium coverage and two-person coverage for health insurance COBRA as provided under agreement with the BMEA, for eighteen (18) months. b. The Board will make available to each employee an amount of $10,000.00 to be paid over a period of three (3) years from the expiration of health insurance premiums. c. Have submitted a request for early retirement to the superintendent no later than December 1. (2012) 21.2 See Article 16.13 and 16.14 for additional retirement benefits.

Appears in 1 contract

Sources: Master Contract

Early Retirement Program. 21.1 16.1 An early retirement program will be available for all employees who meet the following criteria: A. Age and length of service at BMU add up to 70 years or more. more (2014). B. Have completed a minimum of fifteen (15) years of service at Blue Mountain Union. The following package will be available to all employees who qualify under A & B above: a. 1. The Board will provide single premium coverage for health insurance and the Board will provide fifty percent (50%) percent of the difference between single premium coverage and two-person coverage for health insurance COBRA as provided under agreement with the BMEAAssociation, for eighteen (18) months. b. 2. The Board board will make available to each employee an amount of ten thousand ($10,000.00 10,000.00) dollars to be paid over a period of three (3) years from the expiration of health insurance premiums. c. 3. Ten ($10) dollars per day of actual accumulated sick leave to no more than one hundred (100) days (2012). C. Have submitted a request for early retirement to the superintendent Superintendent no later than December 1. 1 (2012) 21.2 See Article 16.13 and 16.14 for additional retirement benefits).

Appears in 1 contract

Sources: Master Agreement

Early Retirement Program. 21.1 16.1 An early retirement program will be available for all employees who meet the following criteria: A. Age and length of service at BMU add up to 70 years or more. (2014) B. Have completed a minimum of fifteen (15) years of service at Blue Mountain Union. The following package will be available to all employees who qualify under A & B above: a. 1. The Board will provide single premium coverage for health insurance and the Board will provide fifty percent (50%) of the difference between single premium coverage and two-person coverage for health insurance COBRA as COBRAas provided under agreement with the BMEA, for eighteen (18) months. b. 2. The Board will make available to each employee an amount of ten thousand ($10,000.00 10,000.00) dollars to be paid over a period of three (3) years from the expiration of health insurance premiums. c. 3. $10.00 per day of actual accumulated sick leave to no more than one hundred (100) days. (2012) C. Have submitted a request for early retirement to the superintendent no later than December 1. (2012) 21.2 See Article 16.13 and 16.14 for additional retirement benefits.)

Appears in 1 contract

Sources: Master Agreement

Early Retirement Program. 21.1 An early retirement program will be available for all employees who meet the following criteria: A. Age and length of service at BMU add up to 70 years or more. more (2014). B. Have completed a minimum of fifteen (15) years of service at Blue Mountain Union. The following package will be available to all employees who qualify under A & B above: a. 1. The Board will provide single premium coverage for health insurance and the Board will provide fifty percent (50%) percent of the difference between single premium coverage and two-person coverage for health insurance COBRA as provided under agreement with the BMEAAssociation, for eighteen (18) months. b. 2. The Board board will make available to each employee an amount of ten thousand ($10,000.00 10,000.00) dollars to be paid over a period of three (3) years from the expiration of health insurance premiums. c. 3. Have submitted a request for early retirement to the superintendent Superintendent no later than December 1. 1 (2012) ). 21.2 See Article 16.13 and & 16.14 for additional retirement benefits.

Appears in 1 contract

Sources: Master Agreement