Common use of Eligibility Limitations Clause in Contracts

Eligibility Limitations. 1. To be considered for this retirement longevity benefit, the teacher must: a. have completed a minimum of fifteen (15) years of full-time District teaching service upon the teacher’s date of retirement. b. be at least age 55 upon retirement from the District, and apply for retirement under the Teachers’ Retirement System (TRS). c. submit an irrevocable letter of intent to retire to the Superintendent no later than June 1st of the school year prior to the school year in which the teacher may receive a longevity payment as provided in Paragraph B.1 of this Article. Each teacher must sign an Agreement confirming their eligibility for this retirement longevity payment, acknowledging that their retirement notice is irrevocable, and agreeing to reimburse the District for the retirement longevity payment if they fail to comply with the contractual requirements for the longevity payment as provided in subparagraph d below. d. Any teacher who initially submits a letter of intent to retire and elects to receive a longevity payment, but later elects to retire prior to their specified retirement date, will be obligated to reimburse the District for the longevity payment the District paid to the teacher provided, however, that the repayment obligation will not apply if the teacher’s change in retirement date is a result of circumstances not within the reasonable control of the teacher, including, but not limited to, permanent disability, death, serious health condition of the teacher or serious health condition of another individual which requires the care of the teacher, or spouse’s relocation. The teacher will not be responsible for repayment of the longevity payment if the teacher’s change in retirement date does not result in the District incurring a TRS monetary penalty payment obligation based upon either the teacher’s ERO retirement or the teacher’s creditable earnings increase in excess of the TRS 6.0% annual limit. If the teacher’s change in retirement results in either an ERO or 6.0% earnings limit TRS penalty payment obligation, the teacher will be responsible to repay the District the amount of the longevity payment which exceeds the salary increase the teacher otherwise would have received under Article XIV. A. The longevity payment received by the teacher in excess of the teacher’s salary increase will be deducted from the teacher’s regular salary paychecks, or repaid by the teacher pursuant to an installment payment schedule.

Eligibility Limitations. 1. To be considered for this retirement longevity benefit, the teacher must: a. have completed a minimum of fifteen (15) years of full-time District teaching service upon the teacher’s date of retirement. b. be at least age 55 upon retirement from the District, and apply for retirement under the Teachers’ Retirement System (TRS). c. submit an irrevocable letter of intent to retire to the Superintendent no later than June 1st of the school year prior to the school year in which the teacher may receive a longevity payment as provided in Paragraph B.1 of this Article. Each teacher must sign an Agreement confirming their eligibility for this retirement longevity payment, acknowledging that their retirement notice is irrevocable, and agreeing to reimburse the District for the retirement longevity payment if they fail to comply with the contractual requirements for the longevity payment as provided in subparagraph d below. d. Any teacher who initially submits a letter of intent to retire and elects to receive a longevity payment, but later elects to retire prior to their specified retirement date, will be obligated to reimburse the District for the longevity payment the District paid to the teacher provided, however, that the repayment obligation will not apply if the teacher’s change in retirement date is a result of circumstances not within the reasonable control of the teacher, including, but not limited to, permanent disability, death, serious health condition of the teacher or serious health condition of another individual which requires the care of the teacher, or spouse’s relocation. The teacher will not be responsible for repayment of the longevity payment if the teacher’s change in retirement date does not result in the District incurring a TRS monetary penalty payment obligation based upon either the teacher’s ERO retirement or the teacher’s creditable earnings increase in excess of the TRS 6.0% annual limit. If the teacher’s change in retirement results in either an ERO or 6.0% earnings limit TRS penalty payment obligation, the teacher will be responsible to repay the District the amount of the longevity payment which exceeds the salary increase the teacher otherwise would have received under Article XIV. A. The longevity payment received by the teacher in excess of the teacher’s salary increase will be deducted from the teacher’s regular salary paychecks, or repaid by the teacher pursuant to an installment payment schedule.

Eligibility Limitations. 1. To be considered for this retirement longevity benefit, the teacher must: a. have completed a minimum of fifteen (15) years of full-time fullTtime District teaching service upon the teacher’s date of retirement. b. be at least age 55 upon retirement from the District, and apply for retirement under the Teachers’ Retirement System (TRS). c. submit an irrevocable letter of intent to retire to the Superintendent no later than June 1st of the school year prior to the school year in which the teacher may receive a longevity payment as provided in Paragraph B.1 of this Article. Each teacher must sign an Agreement confirming their eligibility for this retirement longevity payment, acknowledging that their retirement notice is irrevocable, and agreeing to reimburse the District for the retirement longevity payment if they fail to comply with the contractual requirements for the longevity payment as provided in subparagraph d below. d. Any teacher who initially submits a letter of intent to retire and elects to receive a longevity payment, but later elects to retire prior to their specified retirement date, will be obligated to reimburse the District for the longevity payment the District paid to the teacher provided, however, that the repayment obligation will not apply if the teacher’s change in retirement date is a result of circumstances not within the reasonable control of the teacher, including, but not limited to, permanent disability, death, serious health condition of the teacher or serious health condition of another individual which requires the care of the teacher, or spouse’s relocation. The teacher will not be responsible for repayment of the longevity payment if the teacher’s change in retirement date does not result in the District incurring a TRS monetary penalty payment obligation based upon either the teacher’s ERO retirement or the teacher’s creditable earnings increase in excess of the TRS 6.0% annual limit. If the teacher’s change in retirement results in either an ERO or 6.0% earnings limit TRS penalty payment obligation, the teacher will be responsible to repay the District the amount of the longevity payment which exceeds the salary increase the teacher otherwise would have received under Article XIV. A. The longevity payment received by the teacher in excess of the teacher’s salary increase will be deducted from the teacher’s regular salary paychecks, or repaid by the teacher pursuant to an installment payment schedule.