Golden Handshake Program Sample Clauses

Golden Handshake Program a. The Golden Handshake Program will only be used as an optional retirement plan if the District chooses to offer the program. The District is not obligated to offer the Golden Handshake. b. This option provides two (2) additional years of STRS service credit to the retiring Unit Member. For example, a Unit Member retiring with twenty (20) years of actual service would be considered by STRS to have worked twenty-two (22) years. The District would make the requisite payment to STRS to fund this benefit.
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Golden Handshake Program. Retirement Incentive Programs, such as AB 1207, enacted as Chapter 313, Statutes of 2003, effective January 5, 2004, shall be negotiated.
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Golden Handshake Program. 12.3.1 The Golden Handshake Program, as offered under law by the State Teachers Retirement Program, may be offered by the County Office in each year covered by this agreement to unit members eligible under the law. 12.3.2 There are three provisions that would make an employee eligible to receive the Golden Handshake. In calculating the net savings, the County Office shall calculate the net savings generated by the Golden Handshake retirement as those net savings (if any) projected over the 3 succeeding years after the Golden Handshake retirement. 12.3.3 The County Office shall notify the Association in writing, no later than January 31st of each contract year, if the County Office intends to implement the provision so that the Association and the County Office may mutually set and agree upon the legally mandated 60-120 day window of opportunity for employees to indicate their desire to utilize the Golden Handshake retirement.
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