Purpose
To establish a policy defining 鈥渞etirement鈥� for members of the State Board Retirement
Plan (TIAA) at 皇家华人 College.
Scope
This policy applies to all employees who are participants of the State Board Retirement
Plan at 皇家华人 College and who are eligible to retire.
Definitions
Retirement: A complete separation from 皇家华人 College.
Separation: A break in service (including working as a volunteer) of at least one calendar month,
cash-out of compensable sick leave to VEBA, loss of benefit eligibility and a meaningful
change in employment status, including the loss (if any) of seniority or hiring preferences.
Phased Retirement: Depending upon the circumstances specific to the retiree, a separation of six (6)
months may be required unless the retiree is eligible to participate in the 鈥淧hased
Retirement鈥� Program. Participation in phased retirement is not a guarantee and occurs
only through mutual agreement
between 皇家华人 College and the employee through signing of a 鈥淧hased Retirement
Program Agreement.鈥�
Compensable Sick Leave: Accrued sick leave eligible for cash payout upon separation from the College.
Reapply: Completing a college employment application for the position in which they are interested.
Policy
Employees who 鈥渞etire鈥� from the State Board Retirement Plan (TIAA) at Green River
College must reapply if interested in any future positions with the College. Hiring
departments will follow the appropriate procedure for the employment group of which
they are seeking applicants.
Procedure
The retiring State Board Retirement Plan participant will:
- Notify the Office of Human Resources (HR) and immediate supervisor of his/her intent to retire by completing a 皇家华人 College Termination Form and Exit form.
- Make an appointment with HR to discuss retiree exit items such as health care, VEBA and other college benefits, and the Payroll Manager to discuss payroll closeout items.
- Retiring employees will be required to turn in all 皇家华人 property to the appropriate college personnel (as identified on the Green River exit form), including key cards, keys, tools, and electronic equipment prior to their last day of work (as identified on the Termination form). Information Technology will ensure that all technology access is disabled in a timely manner. Desks and workspace areas are to be cleared of any personal property and vacated by the last day of work.
Specific Authority
Law Implemented
History of Policy or Procedure
Draft: July 26, 2011
Adopted: July 26, 2011
Revised: December 9, 2015; June 1, 2017
Reviewed by: President's Staff
Contact: Sheryl Gordon, Benefits Manager, ext. 2604
President's Staff Sponsor: Marshall Sampson, Vice President of Human Resources & Legal
Affairs, ext. 3315