Common use of Early Retirement Notification Stipend Clause in Contracts

Early Retirement Notification Stipend. A teacher who has fifteen (15) or more consecutive years of service with the District, and retires under the Michigan Public School Employees’ Retirement System shall receive a stipend of $1,000.00 providing the following conditions are met: a letter of retirement/resignation is received by the Superintendent no later than March 15th and the teacher completes the entire school year. Teachers who leave prior to the end of the school year do not qualify for the stipend. The stipend will be included in the employee’s final pay. FMLA leave or a Board-approved leave of absence under Article XI, Section F of this agreement does not constitute a break in service.

Early Retirement Notification Stipend. A teacher who has fifteen (15) or more consecutive years of service with the District, and retires under the Michigan Public School Employees’ Retirement System shall receive a stipend of $1,000.00 providing the following conditions are met: a letter of retirement/resignation is received by the Superintendent no later than March April 15th and the teacher completes the entire school year. Teachers who leave prior to the end of the school year do not qualify for the stipend. The stipend will be included in the employee’s final pay. FMLA leave or a Board-approved leave of absence under Article XI, Section F of this agreement does not constitute a break in service.