Policy Number: 4.420
SCOPE
All full-time employees of the College.
DEFINITIONS
The following definition of retirement is adopted for use with various situations at National Park College, such as purchase of health insurance by retired employees, repurchase of unused sick leave from retired employees, etc.
A retired employee is a person who has left College employment under the following conditions and shall be entitled to full retirement benefits including the repurchase of sick leave:
● Retired under the provisions of the National Park College Early Retirement Plan (Policy 4.410)
- or -
● Is at least 55 years old, has been employed by National Park College for at least 10 years of service recognized by National Park College and the State systems for leave and career service. Even if there are recognized years of employment from other state agencies, at least five years of the employment must be by National Park College.
A retired employee is a person who has left College employment under the following conditions and shall be entitled to limited retirement benefits not to include the repurchase of sick leave:
● Is at least 60 years old, and has at least 5 years of service recognized by the State system for leave and career service.
AUTHORITY
The President and College Cabinet as directed by the Board of Trustees.
RESPONSIBILITY
It is the responsibility of the Human Resources Department to provide retirement information to employees upon request. Determination of eligibility will be made by the Associate Vice President for Human Resources and approved by the President. Ratification will be made by the Board of Trustees.
