Early Retirement Incentive Program. The District shall establish a committee with OPTA to evaluate annually the feasibility of an early retirement incentive plan. Any early retirement incentive program offered by the District is subject to negotiations. The final decision to offer an early retirement plan for bargaining unit members shall be determined by the Board of Education. The terms and conditions of a program will be outlined in a Memorandum of Understanding that will be developed between the Association and the District for retiring bargaining unit members. If a retirement incentive program is negotiated that includes a cash option, the retiring unit member shall receive their check no later than August 31st.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
