Early Notice Incentive. ASF Members who elect to separate from employment after at least fifteen (15) years of service in Minnesota State or any of its predecessor systems shall receive an early notice incentive equivalent to 5% of the ASF Member's base salary for the period of the notice, subject to the provisions of this section. This incentive will be effective from the date the ASF Member submits a written letter of retirement or resignation through the effective date of separation. Such notice must be provided a minimum of one hundred eighty (180) calendar days but not more than three hundred sixty-five (365) calendar days in advance of the separation date.
Early Notice Incentive. 1. Under the Early Notice Incentive program, those individuals who provide written notice of resignation will receive:
a. Two hundred seventy five dollars ($275) if written notice of resignation is received on or prior to the last day of February of the year of resignation. Payment of this amount will be made with the employee's final pay.
b. Per Article XIV Section O, a severance allowance (minus the final year payment of $150). Payment of this amount will be made following the superintendent's acceptance of the resignation and in compliance with the special pay plan. R: 06
2. These incentives will be provided under the following guidelines:
a. There will be no extension of the February deadline for any reason.
b. The letter of resignation will be kept confidential until April 1 of the final year of service unless otherwise required by law.
c. No early notice incentive will be available more than nine months prior to the effective date of the resignation.
d. In order to qualify for this early notice incentive, completion of the teacher work year is required.
e. Acceptance of the resignation is defined as an official letter by the superintendent to the employee accepting the resignation.
Early Notice Incentive. ASF Members who elect to separate from employment after at least fifteen (15) years of service in MnSCU or any of its predecessor systems shall have their salary increased by five (5) percent subject to the provisions of this section. This incentive will be effective from the date the ASF Member submits a written letter of retirement or resignation through the effective date of separation. Such notice must be provided a minimum of one hundred eighty (180) calendar days but not more than three hundred sixty-five (365) calendar days in advance of the separation date.
Early Notice Incentive. 1. Under the Early Notice Incentive program, those individuals who provide written notice of resignation will receive:
a. Two hundred seventy five dollars ($275) if written notice of resignation is received on or prior to the last day of February of the year of resignation. Payment of this amount will be made with the employee's final pay.
b. Payment of this amount will be made following the superintendent's acceptance of the resignation and in compliance with the special pay plan.
2. These incentives will be provided under the following guidelines:
a. There will be no extension of the February deadline for any reason.
b. The letter of resignation will be kept confidential until April 1 of the final year of service unless otherwise required by law.
c. No early notice incentive will be available more than nine months prior to the effective date of the resignation.
d. In order to qualify for this early notice incentive, completion of the teacher work year is required.
e. Acceptance of the resignation is defined as an official letter by the Superintendent to the employee accepting the resignation.
Early Notice Incentive. An employee with five (5) accumulated personal leave days may elect to cash-out five (5) days at his or her per diem rate by completing Form 363, Separation of Employment, before April 1 and thus notifying the District of intent to retire or resign employment with the District at the end of the contract year. This option is only available to employees in TRS Plan 2 or 3, and is intended to compensate employees for packing and moving out of the employee’s current workspaces, and transitioning curriculum and materials to other employees.
Early Notice Incentive. Any licensed employee who does not intend to return to work in USD 407 in a licensed position for the following school year is eligible for an incentive payment provided that notice is provided as follows: ● $500 if the teacher submits a letter of resignation by February 15th. ● $250 if the teacher submits a letter of resignation by March 1st. ● $250 if the teacher submits a letter of resignation by May 1 due to involuntary transfer by the district. The incentive payment shall be paid in the teacher’s final paycheck. (06/10/2024)
Early Notice Incentive. 20.1 Within limits set annually as part of the budget process, an Early Notice Incentive shall be paid to contract and regular faculty employees who, during the Fall quarter, give the District an Early Notice (see Appendix X) as prescribed by this incentive plan and who subsequently comply with all of the other conditions of the plan.
Early Notice Incentive. 20.1 Within limits set annually as part of the budget process, an Early Notice Incentive shall be paid to contract and regular faculty employees who, during the Fall quarter, give the District an Early Notice as prescribed by this incentive plan and who subsequently comply with all of the other conditions of the plan.
20.2 The Early Notice Incentive shall consist of a base amount, as specified below, plus interest, as specified in 20.3.
20.2.1 If the Notice specifies a date that is at least five complete academic quarters (approximately 18 months) after the end of the Fall quarter during which it is filed, the base amount shall be $1,500.
20.2.2 If the Notice specifies a date that is at least eight complete academic quarters (approximately 30 months) after the end of the Fall quarter during which it is filed, the base amount shall be $2,500.
20.3 The interest paid on the Early Notice Incentive shall be the amount earned on the base amount from the time it is invested by the District in an interest-bearing account until the effective date of the employee’s resignation from the District for the purpose of retirement in accordance with Article 30. The District shall invest the base amount in an interest-bearing account within five working days after the filing of the employee’s Early Notice, except that the period of investment shall not begin earlier than eleven complete academic quarters (approximately 42 months) prior to the effective date specified in the Early Notice.
20.4 If, after filing an Early Notice, a faculty employee changes his or her retirement plans and submits an amended Notice (or submits a letter of resignation for the purpose of retirement with an effective date that is different from the date specified in his or her Notice), the initial notice shall be entirely disregarded and all amounts accumulated in the Early Notice Incentive account established for the employee shall remain the property of the District. However, if it otherwise qualifies, the amended notice shall be treated as if it were a new Early Notice.
20.5 The annual Early Notice filing period shall open on the first day of the Fall quarter and close on the last day of the Fall quarter. A Notice is not filed until it is actually received in the office of the Vice Chancellor of Human Resources. If the limit set on the maximum number of participants in any given year is lower than the number of early notices filed between the first day of the Fall quarter and October 1 of that ye...
Early Notice Incentive. ASF Members who elect to retire separate from employment with after at least fifteen (15) years of service in MnSCU or any of its predecessor systems and who are at least age fifty-five (55) shall have their salary increased by five (5) percent subject to the following provisions of this section. This incentive will be effective from the date the ASF Member submits a written letter of retirement or resignation through the effective date of retirement separation . Such notice must be provided a minimum of one hundred eighty (180) calendar days but not more than three hundred sixty-five (365) calendar days in advance of the retirement separation date.
Early Notice Incentive. ASF Members who elect to retire with at least fifteen (15) years of service in MnSCU or any of its predecessor systems and who are at least age fifty-five (55) shall have their salary increased by five (5) percent subject to the following provisions. This incentive will be effective from the date the ASF Member submits a written letter of retirement through the effective date of retirement. Such notice must be provided a minimum of one hundred eighty (180) calendar days but not more than three hundred sixty-five (365) calendar days in advance of the retirement date.
