Early Retirement Notification. To provide for an orderly transition upon the retirement of full-time faculty members, tenured faculty members who provide written notice of their pending retirement by the fifth (5th) instructional day of Fall Quarter of the year prior to the calendar year of their planned retirement will receive a stipend at the time of retirement. To be eligible for a stipend, the faculty member must be at least fifty-five (55) years of age at the time of retirement, and have at least ten (10) years of full-time faculty employment at the College. The stipend will be calculated as follows:
Early Retirement Notification. To provide for an effective search for replacement faculty, the College will provide a one-time payment to a faculty member who is placed on the full-time faculty salary schedule who provides a signed declaration of retirement prior to October 1 of their current contract year. A signed, written agreement, upon acceptance by the institution, will verify the faculty member’s current contract. The payment of a stipend in the amount of $2,500.00 will be made to the employee in a lump sum in their final paycheck.
Early Retirement Notification. To provide for an orderly transition upon the retirement of full-time faculty members, tenured faculty and XXX Lead faculty members who provide written notice of their pending retirement by the fifth (5th) instructional day of Fall Quarter of the year prior to the calendar year of their planned retirement will receive a stipend at the time of retirement. To be eligible for a stipend, the faculty member must be at least fifty-five (55) years of age at the time of retirement, and have at least ten (10) years of full-time faculty employment at the College. Faculty members who provide notice of early retirement but do not retire as scheduled will not be eligible for the stipend at a later date unless their retirement was delayed at the request of the College. The College President may also permit an exception where a faculty member’s retirement is delayed due to serious and unforeseen circumstances. The stipend will be calculated as follows:
Early Retirement Notification. To provide for an orderly transition upon the retirement of full-time faculty members, tenured faculty and XXX/OLS Lead faculty members who provide written notice of their pending retirement by April 30 of the academic year prior to the academic year of their planned retirement will receive a stipend or phased retirement agreement as outlined below. To be eligible for a stipend or phased retirement, the faculty member must be at least fifty-five (55) years of age at the time of retirement, and have at least ten (10) academic years of full-time faculty employment at the College. Faculty who provide notice under this section commit to retiring and relinquishing their tenured or XXX/OLS Lead status no later than the date identified in their notice; provided that the College President may permit an extension of the faculty member’s retirement date where such a delay is needed due to serious and unforeseen circumstances.
19.1.1 Stipends, calculated as follows, will be paid in a lump sum at the time of retirement:
Early Retirement Notification. A one time amount of $2,000 shall be paid upon effective retirement to Association members who submit a letter of resignation for retirement purposes as follows: DESIRED DATE OF RETIREMENT LETTER OF RESIGNATION DATE End of School Year January 15 of that year. End of 1st Semester August 15 of Preceding Year Other Five (5) months prior to date of retirement
1. Minimum of ten (10) years of service with Fennville Public Schools.
2. Must be eligible for retirement under MPSERS.
3. Once a letter has been submitted to the superintendent it may not be withdrawn.
Early Retirement Notification. 1. Each eligible teacher shall also receive an additional two thousand dollars ($2,000) if he/she submits a letter of resignation for the purpose of retirement more than one hundred twenty (120) calendar days prior to the effective date of his/her retirement.
2. If a member submits an irrevocable retirement notification to the district, the member will be removed from fulfilling the annual requirements of evaluation process after the date of submission of such notification. This does not preclude the administration from observing the classroom and reconvening the evaluation process if deemed necessary.
Early Retirement Notification. Employees who submit a letter of retirement and is approved by the Board no later than the December school board meeting shall receive a one-time payment of $500.00 on the January payroll for the purposes of closing out their classroom and/or program.
Early Retirement Notification. In order to provide for an orderly transition upon the retirement of full-time faculty members, tenured faculty members who provide written notice of their pending retirement by October 15 of the year prior to the calendar year their planned retirement will receive a stipend at the time of retirement. To be eligible for a stipend, the faculty member must be at least 55 years of age at the time of retirement, and have at least 10 years of full-time faculty employment at BCC. The stipend will be calculated as follows:
Early Retirement Notification. In order to provide for an orderly transition upon the retirement of full-time faculty members, the College will provide a one-time payment to those faculty members who provide a written notice of their intent to retire by January 1 of the current academic year. This notice must be submitted to Human Resources. To be eligible for this stipend, the faculty member must have at least three (3) consecutive years of full-time faculty employment at RTC by January 1 of the current academic year. The effective date of retirement must be the last day of the faculty member’s current contract. The payment of a stipend in the amount of $3,000 (minus applicable taxes) will be made to the employee in a lump sum in their final paycheck. Instructors whose contracts do not coincide with the academic calendar may make a request to the College President for an alternate timeline. Once the College has received the notice to retire, the retirement cannot be revoked, unless agreed upon by the President.
Early Retirement Notification. Upon submission to the District of a signed letter of resignation (effective at the end of the school year) by February 1, retiring employees shall be given a one time stipend of $800 upon successful completion of clearing their work station and signed off by Principal or Supervisor.
