Common use of IMRF Clause in Contracts

IMRF. All IMRF Employees opting to take this early retirement incentive must deliver an irrevocable written notice to the Superintendent by February 1st of the year when first expected to be eligible. Notice shall be given at least 1 full year, but no more than 3 full years prior to the effective date of retirement. This notice must be signed and cite the employee’s intention to retire at the end of the first, second, or third subsequent school year(s) under the early retirement incentive program. In the event of a life changing event, IMRF Employees may request that the superintendent rescind their resignation if done so by April 1st of the final year of employment. At the superintendent’s discretion the resignation may be rescinded and the Employee may become re-eligible for the Early Retirement Incentive. The District shall recover the difference between the total received through the ERI and the amount the Employee would have received without ERI.

IMRF. All IMRF Employees opting to take this early retirement incentive must deliver an irrevocable written notice to the Superintendent by February 1st of the year when first expected to be eligible. Notice shall be given at least 1 full year, but no more than 3 full years prior to the effective date of retirement. This notice must be signed and cite the employee’s intention to retire at the end of the first, second, or third subsequent school year(s) under the early retirement incentive program. In the event of a life changing event, event IMRF Employees may request that the superintendent rescind their resignation if done so by April 1st of the final year of employment. At the superintendent’s discretion the resignation may be rescinded and the Employee may become re-eligible for the Early Retirement Incentive. The District shall recover the difference between the total received through the ERI and the amount the Employee would have received without ERI.