Common use of DISTRICT RETIREMENT BENEFIT Clause in Contracts

DISTRICT RETIREMENT BENEFIT. The Board shall recognize the services of those teachers who have rendered creditable service to the District immediately preceding retirement and are eligible to receive pension benefits through the Teachers' Retirement System of the State of Illinois (TRS). A. To be eligible the teacher: 1. Must have rendered at least ten (10) years of service to East Aurora School District 131 prior to receiving the first payment of this benefit. 2. Must be eligible to receive pension benefits through the Teachers' Retirement System of Illinois at the time of retirement from the District, and must actually retire with TRS at the time of retirement from the District. 3. Retirement shall in all instances occur only at the end of the school term.

DISTRICT RETIREMENT BENEFIT. The Board shall recognize the services of those teachers who have rendered creditable service to the District immediately preceding retirement and are eligible to receive pension benefits through the Teachers' Retirement System of the State of Illinois (TRS). A. To be eligible the teacher: 1. Must have rendered at least ten eighteen (1018) years of service to East Aurora School District 131 prior to receiving the first payment of this benefit. 2. Must be eligible to receive pension benefits through the Teachers' Retirement System of Illinois at the time of retirement from the District, and must actually retire with TRS at the time of retirement from the District. 3. Retirement shall in all instances occur only at the end of the school term.

DISTRICT RETIREMENT BENEFIT. The Board shall recognize the services of those teachers who have rendered creditable service to the District immediately preceding retirement and are eligible to receive pension benefits through the Teachers' Retirement System of the State of Illinois (TRS). TRS).¶ ¶ A. To be eligible the teacher: teacher:¶ ¶ 1. Must have rendered at least ten (10) years of service to East Aurora School District 131 prior to receiving the first payment of this benefit. benefit.¶ 2. Must be eligible to receive pension benefits through the Teachers' Retirement System of Illinois at the time of retirement from the District, and must actually retire with TRS at the time of retirement from the District. District.¶ ¶ 3. Retirement shall in all instances occur only at the end of the school term.term.¶ ¶ B.