Retirement Guidelines Sample Clauses
Retirement Guidelines. The Early Retirement Option set forth below will be offered to employees every year during the length of the contract. Employees who have reached age fifty five (55) and who have at least eight (8) years of service with IMRF and the district and have not received retirement benefits from the district previously as a certified employee may opt to take this Early Retirement Option. Request to take advantage of the Early Retirement Option must be submitted, in writing, to the Human Resources Department by the first Board meeting in January prior to the 3rd, 2nd or 1st year of retirement.
A. For those employees who qualify and give the Board an irrevocable written notice of retirement by the first Board meeting in January three (3) years prior to the year of retirement, the Board and/or its designee shall pay him/her a 6% retirement incentive, inclusive of all other increases in IMRF creditable compensation, for each of his/her remaining three (3) years of service, less compensation for any services not rendered.
B. If an employee gives the Board and/or its designee an irrevocable written notice of retirement by the first Board meeting in January two (2) years prior to the year of retirement, the Board and/or its designee shall pay him/her a 6% retirement incentive, inclusive of all other increases in IMRF creditable compensation, for each of his/her remaining two (2) years of service, less compensation for any services not rendered.
C. If an employee gives the Board and/or its designee an irrevocable written notice of retirement by the first Board meeting in January one (1) year prior to the year of retirement, the Board and/or its designee shall pay him/her a 6% retirement incentive, inclusive of all other increases in IMRF creditable compensation, for his/her remaining one (1) year of service, less compensation for services not rendered.
1. Once an employee submits an irrevocable written notice of retirement before the first Board meeting in January as provided above, the employee’s salary shall be adjusted to reflect the six percent (6%) maximum. All calculations for increased IMRF creditable earnings will be based on the IMRF creditable earnings in the year prior to the submission of the irrevocable written notice of retirement, less compensation for services not rendered. Once the employee submits an irrevocable written notice of retirement, in no case will the employee’s IMRF creditable earnings increase exceed six (6%) of the previous year.
2. If, afte...
Retirement Guidelines. Individuals who retire on or before 6/30/ 2028 and who have completed 15 years of service to Frewsburg Central School District are permitted to use up to two hundred fifteen (215) days of accumulated sick/personal days to acquire health insurance in retirement. The maximum accumulated is two hundred thirty
Retirement Guidelines. Lessees have developed Retirement Guidelines, after consulting with and addressing comments from the Nation, which Retirement Guidelines are attached hereto as Exhibit C. The Parties acknowledge and agree that the Retirement Guidelines have been prepared to document the key requirements and procedures for, and shall govern, the NGS Retirement, NGS Site Remediation and Transmission Removal and Remediation, and to serve as the basis for the preparation of a more comprehensive NGS Retirement Plan based on said guidelines. The Retirement Guidelines shall also serve as the basis for the preparation of a more comprehensive retirement plan related to Transmission Removal and Remediation, which shall be developed at a reasonable time prior to the retirement, removal and remediation activities related to Tract B. The Retirement Guidelines as implemented by and through the NGS Retirement Plan for NGS and the NGS Site shall exclusively define and govern the removal of improvements, restoration and resulting condition of the surface of the Leased Premises, as said improvements and surface of the Leased Premises existed on the Effective Date. “Surface” is used in its most comprehensive sense including all topography, grade, contours, condition, surface, subsurface, and other like terms and concepts. The Parties agree that the coal combustion residuals and related material located in the Ash Landfill shall remain within said existing Ash Landfill and closed in place, and the area shall remain fenced for the time period required by Applicable Law. The existing solid waste landfill and pond solids shall be closed in place and capped. In addition, Lessees shall restore and, if warranted, remediate the NGS Site consistent with the Retirement Guidelines. The Nation may monitor and confirm that the Retirement Guidelines and the then-current NGS Retirement Plan are being followed. Lessees shall use commercially reasonable efforts to cause the NGS Retirement to be implemented and executed in accordance with the NGS Retirement Plan.