Eligibility for the Plan. 1. By March 15 of each year, the Board shall determine the number of teachers, if any, who shall be approved for the Early Retirement Incentive Plan. That decision is not subject to the grievance procedure. The number of early retirement incentive positions allocated shall be subject to the finances of the district.
2. The teacher must have a record of not less than twenty-five (25) years in teaching or administra- tion responsibilities in education and must be on the final step of the appropriate salary schedule prior to requesting early retirement, or be eligible for the benefits described in this program.
3. All retirements shall take place as of June 30 of the school year in which the employee quali- fies/applies for retirement.
4. Teachers wishing to participate in the program must submit written notice of intent to retire to the Superintendent no later than March 1 of the calendar year in which they wish to retire. With that notice, he/she must include dates on which he/she wants to receive the incentive payment and whether it should be in one (1) payment, or spread throughout the year. Payment will be made no later than June 15 of the year following retirement. Teachers meeting all of the above criteria will be awarded early retirement incentive positions based on district seniority.
5. A participating teacher must sign and submit a voluntary resignation plan/waiver and release of claims form.
Eligibility for the Plan a. Teachers wishing to participate in the program must submit a written notification of their intent to retire to the Personnel Office, not later than March l of the year in which they wish to retire. This date may be changed if agreed upon by the district and the South Xxxxxxx Education Association. Benefits and payments will be effective as of September l of the year in which the employee terminates employment.
b. For teachers retiring in a manner other than that described in Section 4, a, benefits will be prorated for the remainder of the school year. Written notification of intent to retire must be given to the Superintendent at least three (3) months prior to retirement for retirees wishing to retire during the school year. This three (3) month notice may be waived by the Superintendent due to extenuating or unusual circumstances.
c. Each year, the South Redford School District shall determine the number of teachers who shall be eligible for the Early Retirement Incentive Plan. A minimum of six (6) teachers shall be guaranteed access to this plan each year. The total number of teachers in the plan shall not exceed forty (40) at any one time. For the purpose of determining the number of people on the plan at any given time, employees who retired and were less than fifty-five
Eligibility for the Plan a. Administrators wishing to participate in the program must submit a written notification of their intent to retire to the Superintendent, no later than March 15 of the year in which they wish to retire. Benefits and payments will be effective as of July 1 of the year in which the administrator terminates employment.
b. For administrators retiring in a manner other than that described in section 4.a., benefits will be prorated for the remainder of the school year. Written notification of intent to retire must be given to the Superintendent at least three
Eligibility for the Plan a. Teachers wishing to participate in the program must submit a written notification of their intent to retire to the Personnel Office, not later than March l of the year in which they wish to retire. This date may be changed if agreed upon by the district and the South Redford Education Association. Benefits and payments will be effective as of September l of the year in which the employee terminates employment.
b. For teachers retiring in a manner other than that described in Section 4, a, benefits will be prorated for the remainder of the school year. Written notification of intent to retire must be given to the Superintendent at least three
Eligibility for the Plan a. Administrators wishing to participate in the program must submit a written notification of their intent to retire to the Superintendent, no later than March 15 of the year in which they wish to retire. Benefits and payments will be effective as of July 1 of the year in which the administrator terminates employment.
b. For administrators retiring in a manner other than that described in section 4.a., benefits will be prorated for the remainder of the school year. Written notification of intent to retire must be given to the Superintendent at least three (3) months prior to retirement for retirees wishing to retire during the school year. This three (3) month notice may be waived by the Superintendent due to extenuating or unusual circumstances.
