Common use of Notice for Next Year Retirement Clause in Contracts

Notice for Next Year Retirement. The District shall provide each employee who submits an irrevocable notice of his/her intent to retire no later than March 3 of the year prior to retirement a four percent (4%) incentive at the end of that year. The District will also pay a four percent (4%) incentive at the end of the final year of employment. The option to select this incentive will sunset on March 3, 2017.

Notice for Next Year Retirement. The District shall provide each employee who submits an irrevocable notice of his/her intent to retire no later than the first Wednesday in March 3 of the year prior to retirement a four percent (4%$2,000 non-creditable lump sum payment or 403(b) incentive at the end of that year. The District will also pay a four percent (4%) incentive at the end of the final year of employmentcontribution paid post retirement. The option to select this incentive will sunset on March 3the first Wednesday in March, 20172020.

Notice for Next Year Retirement. The District shall provide each employee who submits an irrevocable notice of his/her intent to retire no later than the first Wednesday in March 3 of the year prior to retirement a four percent Four Thousand Dollars (4%$4,000) incentive at the end of that year. The District will also pay a four percent (4%non-creditable lump sum payment or 403(B) incentive at the end of the final year of employmentcontribution, paid post retirement. The option to select this incentive will sunset on the first Wednesday in March 3, 20172020.

Notice for Next Year Retirement. The District shall provide each employee who submits an irrevocable notice of his/her intent to retire no later than the first Wednesday in March 3 of the year prior to retirement a four percent $2,000 non-credible lump sum payment or 403 (4%b) incentive at the end of that year. The District will also pay a four percent (4%) incentive at the end of the final year of employmentcontribution paid post retirement. The option to select this incentive will sunset on the first Wednesday in March 3, 20172020.