Common use of Benefit Limitation Clause in Contracts

Benefit Limitation. This section of the Agreement constitutes all monetary entitlements available to a school Administrator on retirement or leaving the school district that are not required by law. If a school Administrator elects to apply, the amount received under Plan B (Old Plan) of this Section to TRS Option 1 to enhance their retirement benefits, the District shall not be required to pay any additional employer contribution to TRS greater than that required under Plan B (Old Plan) if any additional employer contribution required by Option 1 cannot be charged to the Retirement Fund.

Benefit Limitation. This section of the Agreement constitutes all monetary entitlements available to a school Administrator teachers on retirement or leaving the school district District that are not required by law. If a school Administrator teacher elects to apply, apply the amount received under Plan B (Old Plan) of this Section to TRS Option 1 to enhance their retirement benefits, the District shall not be required to pay any additional employer contribution to TRS greater than that required under Plan B (Old Plan) if any additional employer contribution required by Option 1 cannot be charged to the Retirement Fund.