Manner of Retirement Incentive Payments. a. The certificated employee may elect to receive the Retirement Incentive payment in October of the following fiscal year, or receive the Retirement Incentive payment in installments. The amount and date of such installments will be designated by the certificated employee. In this way, the retiree can prevent reception of monies in excess of the amount authorized by STRS from public school employment in any fiscal year. The total of the Retirement Incentive payments shall be made within five (5) years of the retirement date.
Appears in 14 contracts
Samples: Contract Agreement, Contract Agreement, Contract Agreement
