Notice of Early Retirement. Except for the 2022-2023 special incentive set forth in (e) above, Educators expecting to receive Early Retirement incentives must give notice of Early Retirement to the College President at least nine months prior to their retirement date.
Notice of Early Retirement. From time to time the Board of Education, in its sole discretion, may choose to design and offer an early retirement incentive plan to its teaching staff. In each instance in which the plan is offered, the Board of Education shall specify the time period during which an employee may elect early retirement, as well as the condition(s) which must be met to be eligible for the early retirement benefit(s). A teacher who gives irrevocable notice to the Board of Education of his/her intention to retire one (1) year in advance of such retirement, shall receive, as part of his/her salary in the final year of employment, an amount equivalent to 1% of his/her base salary. If two (2) years irrevocable advance notice is given, 1% of base salary will be paid in each of the last two (2) years preceding retirement. If three (3) years irrevocable advance notice is given, 1% of base salary will be paid in each of the last three (3) years preceding retirement. In the event of a major life change, such as divorce, disability or death of a spouse, a teacher may revoke the notice provided the aforementioned payments are returned.
Notice of Early Retirement. Teaching educators expecting to receive Early Retirement incentives must give notice of Early Retirement to the College President at least nine months prior to their retirement date. NTENon- Teaching Educators expecting to receive Early Retirement incentives must give notice of Early Retirement to the President at least five months prior. Educators shall receive such incentive in one, two or three payments. The specific dates will be determined with each educator. Such payments will be subject to applicable IRS regulations.
