Creditable Earnings Limitations and Changes in a Teacher’s Retirement Plans. If a teacher participating in the Benefit resigns prior to the date originally approved for their retirement for any reason other than physical or mental disability which permanently renders the teacher unable to perform their duties, the Board will have no obligation to pay the remaining retirement enhancements which would otherwise have been due under the Benefit. Additionally, the teacher will repay to the Board all amounts of creditable earnings necessary to avoid, or which would have avoided, the Board being subject to TRS penalties. Repayment will be made by salary withholding to the extent possible, but in any event, the teacher will make full repayment within thirty (30) days after the date of the teacher’s resignation or, if later, after the Board’s receipt of notice of penalties from TRS. If the teacher fails to make repayment when due and the Board incurs attorney’s fees to collect such repayment, through litigation or other collection efforts, the teacher will reimburse the Board for its reasonable attorney’s fees and other costs and expenses of collection. Upon repayment, an amended creditable earnings report will be made by the Board to TRS. Finally, the Board will pay to the teacher before retirement one dollar ($1.00) for each of the sick leave days provided for in subparagraph D. above that was not used, which days will then not be reported to TRS and for which the teacher will not seek service credit from TRS. If a teacher participating in the Benefit or a member of the teacher’s immediate family becomes ill or injured, resulting in the teacher’s use of sick leave which then subjects the teacher to a discounted pension, the teacher may request, and the Board, in its sole discretion, may grant an extension of the retirement date by a minimum of one (1) school term. If a teacher participating in the Benefit begins to receive the Benefit and a catastrophic life event (such as the death or serious illness of a spouse) causes the teacher to request to continue teaching in the District and the Board, in its sole discretion, accepts such request, the Board will not be obligated to continue payment of the Benefit. The teacher will then repay the entire amount of the Benefit paid to date. Such repayment may either be made in one lump sum or through a series of deductions from the teacher’s salary, with final repayment to be made by the date which reflects the length of time the teacher received the retirement enhancement (i.e., a teacher who recei...
