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Caption: Board of Trustees Minutes - 1946
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594 BOARD OF TRUSTEES [June 30 his physical and mental condition permits him to perform, at the rate of compensation provided for that position. 5 . Leaves of absence for other approved work may be granted on request by the President of the University and extended at his discretion. A person receiving such a leave will have the right to return to his former position at the termination of his leave provided he is in a satisfactory physical and mental condition to resume the duties of the position, and provided the position has been continued during his absence. If the position has been discontinued, the person on leave will be eligible to appointment to any position in his classification which becomes vacant at or subsequent to his return. X. RETIREMENT BENEFITS* 1. Participants in the University Retirement System are retired on September 1 following their 68th birthday unless deferment is approved by the University. Under certain conditions, persons employed prior to September 1, 1941, may request retirement after age 65 and if retired with 25 or more years of service receive the same annuity which would be paid at 68. Participants may elect to retire at any time after age 60 or with the approval of the University and of the Retirement Board between the ages 55 and 60. Retirement in such instances is at a reduced annuity. Interrupted employment. Employees who are participants in the Retirement System and whose employment is irregular maintain their participation in the Retirement System under the following conditions: Death and disability benefits of the Retirement System continue in force during a period of three weeks following the payroll period for which the employee last received salary or wages. At the end of the three weeks, the employment of the individual will be considered terminated and he may withdraw his contributions to the System plus interest; or he may leave his contributions on deposit, in which case, if he is again employed, contributions and benefits will be resumed and accumulated benefits of all kinds restored as of the date employment ceased. 2 . Persons not participating in the University Retirement System who have been employed for not less than five years and become permanently disabled or otherwise physically unfit for service may be retired. Such persons receive an allowance from the University for a period of years equal to their years of service. The annual rate of this * These provisions are summaries of the benefits payable under the University Retirement System Act.
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