Formula for Implementation. Any full time teacher who has taught a minimum of twenty (20) years, at least 15 consecutive years in the district, may choose a retirement plan based on the following chart: Retirement Plan will be capped so that the teacher’s average final compensation will not exceed 124% of his/her average base pay for the same period, or $31,000 whichever is less.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
