Middlesex. 17 00 00 RETIREMENT GRATUITY - PAYMENT POLICY 17 01 00 A full-time Teacher with an effective hire date prior to 1995 08 31 who has completed ten (10) or more continuous years of service with the Board or its predecessors shall be eligible for a Retirement Gratuity in accordance with the provisions of Board Policy 300-5, as revised 1995 03 06, and the formula set forth below. Retirement Allowance A X C X 50% 200 where A represents the number of days of sick leave accumulated to a maximum of two hundred (200) days. C represents the annual salary on retirement.
