COMPENSATION UPON RETIREMENT. Teachers retiring from teaching and who at that time are eligible for a Michigan Public School Employees Retirement Fund Pension and who have taught a total of fifteen (15) full years in the Vicksburg Community Schools shall receive terminal pay at the rate of fifteen dollars ($15.00) per eight (8) hours for one- half (1/2) of their accumulated sick leave not to exceed three hundred eighty (380) hours.
Appears in 5 contracts
Samples: Labor Agreement, Labor Agreement, Labor Agreement
COMPENSATION UPON RETIREMENT. Teachers retiring from teaching and who at that time are eligible for a Michigan Public School Employees Retirement Fund Pension and who have taught a total of fifteen (15) full years in the Vicksburg Community Schools shall receive terminal pay at the rate of fifteen dollars ($15.00) per eight (8) hours for one- one-half (1/2) of their accumulated sick leave not to exceed three hundred eighty (380) hours.
Appears in 1 contract
Samples: Labor Agreement
