Common use of Eligibility for Early Retiree Cash Payment Incentive Program Clause in Contracts

Eligibility for Early Retiree Cash Payment Incentive Program. The unit member must: 1. Have been employed by the District continuously in a full-time, half-time or combination certificated position for at least (10) ten years; 2. File a letter of intent to retire with the Superintendent by no later than February 1st of the year they enter the program; 3. Have reached 55 years of age; 4. Unit members approved for this program shall be eligible for a period of (5) five years.

Eligibility for Early Retiree Cash Payment Incentive Program. The unit member must: 1. Have been employed by the District continuously in a full-time, half-time or combination certificated position for at least (10) ten years; 2. File a letter of intent to retire with the Superintendent by no later than February 1st of the year they enter the program; 3. Have reached 55 years of age and be no older than the current Medicare age; 4. Unit members approved for this program shall be eligible for a period of (5) five years.