State Retirement Sample Clauses
The State Retirement clause outlines the terms and conditions under which an employee may retire and begin receiving retirement benefits from a state-sponsored retirement system. Typically, this clause specifies eligibility requirements such as age, years of service, and the calculation method for pension benefits. It may also address procedures for applying for retirement and any options for early or deferred retirement. The core function of this clause is to provide clear guidelines for employees regarding their retirement rights and benefits, ensuring both parties understand the process and entitlements associated with state retirement.
State Retirement. This employment is subject to provisions of the School Employees State Retirement Act.
State Retirement. In accordance with the Rules and Regulations of the State Retirement System, an employee on leave shall have the option to remain an active participant in the State Retirement System by contributing thereto the full amount he/she would have been required to contribute if actively employed in the school district, as well as any amount the school system would have contributed had the employee remained on active duty.
State Retirement. The Employee and Employer share of the Superintendent’s contributions to the state retirement system (NPERS) shall be provided.
State Retirement. The Employee shall enjoy retirement benefits as specified and provided for in Massachusetts General Laws, Chapter 32, Section 2.
State Retirement. The Superintendent shall be a member of the Massachusetts Teachers’ Retirement System as required by M.G.L. Chapter 32, Section 2.
State Retirement. The DISTRICT participates in the Washington State Public Employees Retirement System (PERS). Employee participation in PERS in non-elective. The DISTRICT also participates in the Washington State Deferred Compensation Program (DCP). Employee participation in DCP is elective. The DISTRICT Board of Directors retains sole discretion to make matching contributions on behalf of participating employees, determine percentage of DISTRICT matching contribution, and/or discontinue matching contributions at any time.
State Retirement. All employees hired prior to January 1, 1980 shall be eligible for joining the New Hampshire State Retirement System (NHSRS). All full-time employees hired on or after January 1, 1980 must join the NHSRS in accordance with its rules. Payroll deductions, City contributions, and other administrative matters will be in accordance with the NHSRS provisions.
State Retirement. All full-time employees must join the NHRS in accordance with its rules. Payroll deductions, City contributions, and other administrative matters will be in accordance with the NHRS provisions.
ARTICLE 13 WAGE RATES AND CLASSIFICATION
State Retirement. 48 A teacher of the District may apply to the school board for permission to 49 resign the position for the purposes of retirement benefits through the State of South 50 Dakota. The Board of Education reserves the right to grant additional increments 51 equivalent to their experience to a new teacher to the system under special 52 circumstances.
State Retirement. The Superintendent shall be a member of the Teachers’ Retirement as required by M.G.L. ▇.▇▇, §▇▇.