Incentive Payment. The Employer may offer and an Employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts. Full Years to Normal Retirement Percentage of Annual Salary at Time of Retirement
Appears in 5 contracts
Sources: Collective Agreement, Collective Agreement, Collective Agreement
Incentive Payment. The Employer may offer and an Employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts. Full Years to Normal Retirement Percentage of Annual Salary at Time of RetirementRetirement 5 or more 100% 4 80% 3 60% 2 40% 1 20% Less than 1 0%
Appears in 3 contracts
Sources: Memorandum of Agreement, Collective Agreement, Collective Agreement
Incentive Payment. The Employer may offer and an Employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts. Full Years to Normal Retirement Percentage of Annual Salary at Time of RetirementRetirement 5 or more 100% Less than 1 0%
Appears in 2 contracts
Sources: Collective Agreement, Collective Agreement
Incentive Payment. The Employer may offer and an eligible Employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts. Full Years to Normal Retirement Percentage of Annual Salary at Time of Retirement
Appears in 2 contracts
Sources: Ratification Document, Ratification Document