Exemplary Attendance Payment. In addition to the provisions of Section 5, a teacher shall be eligible to receive as part of the employee match/retirement plan, an additional payment for accumulated sick leave days, which indicate exemplary employee attendance, as recorded in the final fiscal year employee leave report. Payment for accumulated sick leave days will be as follows: 150 – 199 days $500 200 – 249 days $1500 250 – 299 days $2000 300 – 349 days $3000 350+ days $3500 Eligible teachers include those who have completed at least 12 years of service to the School District and who are at least 55 years of age, or teachers less than 55 years of age and who have 30 years of total teaching service. Payment will be made in accordance with the Severance Allocation Plan. This payout will be deposited in accordance with the Severance Allocation Plan within three months following the teacher’s official retirement date.
Exemplary Attendance Payment. In addition to the provisions of Subds. 1 and 2, a teacher shall be eligible to receive as part of the early retirement incentive option, an additional payment for accumulated sick leave days, which indicate exemplary employee attendance, as recorded in the final fiscal year employee leave report. Payment for accumulated sick leave days will be as follows: 150 – 199 days $500 200 – 249 days $1500 250 – 299 days $2000 300 – 349 days $3000 350+ days $3500
Exemplary Attendance Payment. In addition to the provisions of Subds. 1 and 2, a teacher shall be eligible to receive as part of the early retirement incentive option, an additional payment for accumulated sick leave days, which indicate exemplary employee attendance, as recorded in the final fiscal year employee leave report. Payment for accumulated sick leave days will be as follows: 200 days $ 500 220 days 750 240 days 1,000 260 days 1,250 280 days 1,500 300 days 1,750 320 days 2,000 340 days 2,250 360 days 2,500 Subd. 4. Payment for Banked Personal Leave Days: In addition to the payment provided in Subds. 1, 2 and 3, a teacher shall be eligible to receive as early retirement pay upon early retirement, an amount obtained by multiplying the number of accumulated personal leave days earned under the conditions outlined in Article IX, Section 3 at the teacher’s base salary rate at time of retirement.
Exemplary Attendance Payment. In addition to the provisions of Section 5, a teacher shall be eligible to receive as part of the employee match/retirement plan, an additional payment for accumulated sick leave days, which indicate exemplary employee attendance, as recorded in the final fiscal year employee leave report. Payment for accumulated sick leave days will be as follows: 200 days $500 220 days $750 240 days $1,000 260 days $1,250 280 days $1,500 300 days $1,750 320 days $2,000 340 days $2,250 360 days $2,500 Eligible teachers include those who have completed at least 12 years of service to the School District and who are at least 55 years of age, or teachers less than 55 years of age and who have 30 years of total teaching service. Payment will be made in accordance with the Severance Allocation Plan on or about January 1 of the year following the teacher’s retirement provided such teacher submitted a written resignation accepted by the School Board by the previous April 1.
Exemplary Attendance Payment. In addition to the provisions of Subds. 1 and 2, a teacher shall be eligible to receive as part of the early retirement incentive option, an additional payment for accumulated sick leave days, which indicate exemplary employee attendance, as recorded in the final fiscal year employee leave report. Payment for accumulated sick leave days will be as follows: 150 – 199 days $500 200 – 249 days $1500 250 – 299 days $2000 300 – 349 days $3000 350+ days $3500 Subd. 4. Payment for Banked Personal Leave Days: In addition to the payment provided in Subds. 1, 2 and 3, a teacher shall be eligible to receive as early retirement pay upon early retirement, an amount obtained by multiplying the number of accumulated personal leave days earned under the conditions outlined in Article IX, Section 3 at the teacher’s base salary rate at time of retirement.
