Eligibility Limitations. 1. To be considered for this retirement longevity benefit, the teacher must: a. be at least age 55 upon retirement from the District and apply for retirement under the Teachers’ Retirement System (TRS). b. 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 C.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.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
