Common use of EARLY RETIREMENT INCENTIVE PLAN Clause in Contracts

EARLY RETIREMENT INCENTIVE PLAN. 16:18.1 The Board will pay an allowance to regular or school‐term employees who resign from the School District before reaching age 65, subject to the following conditions: The employee must: 1. have been actively at work on a regular and continuing basis for theprevious twelve (12) month period, 2. be age 55 or over, 3. have completed ten (10) years of service in thisDistrict,

EARLY RETIREMENT INCENTIVE PLAN. 16:18.1 The Board will pay an allowance to regular or school‐term school-term employees who resign from the School District before reaching age 65, subject to the following conditions: The employee must: 1. : - have been actively at work on a regular and continuing basis for theprevious the previous twelve (12) month period, 2. - be age 55 or over, 3. - have completed ten (10) years of service in thisDistrict,this District, - Provide two (2) calendar months’ written working notice to their Manager. With the Employer’s agreement, the requirement for two (2) calendar months’ working notice may be reduced or waived, - retire from employment in this District prior to his/her 65th birthday.

EARLY RETIREMENT INCENTIVE PLAN. 16:18.1 The Board will pay an allowance to regular or school‐term employees who resign from the School District before reaching age 65, subject to the following conditions: The employee must: 1. have been actively at work on a regular and continuing basis for theprevious twelve (12) month period, 2. be age 55 or over, 3. have completed ten (10) years of service : - retire from employment in thisDistrict,this District prior to his/her 65th birthday.

EARLY RETIREMENT INCENTIVE PLAN. 16:18.1 10.1 The Board will pay an allowance to regular or school‐term employees teachers who resign from the School District school district (and/or retire under the Teachers' Pension Plan) before reaching age sixty-five (65), subject to the following conditions: The employee teacher must: 1. have been actively at work on a regular and continuing basis for theprevious twelve (12) month period, 2. 10.1.1 be age 55 fifty-five (55) or over, 3. ; 10.1.2 be on the maximum step of the salary scale; 10.1.3 retire from teaching in this district; and 10.1.4 have completed served this school district for a minimum of ten (10) years of service FTE years, the last two having been in thisDistrict,continuous service.