Common use of One Year Plan Clause in Contracts

One Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement prior to May 1 stating that he/she shall retire at the end of the next school year, the employee will be removed from the salary schedule and for the final year of employment the employee’s TRS creditable earnings shall be increased by three percent (3%) over the employee’s TRS creditable earnings for the prior year of employment. In order to be eligible for this retirement incentive, employees must be employed by the District for the fifteen (15) consecutive years that precede the retirement date.

One Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement prior to May 1 stating that he/she shall retire at the end of the next school year, the employee will be removed from the salary schedule and for the final year of employment the employee’s TRS creditable earnings shall be increased by three six percent (36%) over the employee’s TRS creditable earnings for the prior year of employment. In order to be eligible for this retirement incentive, employees must be employed by the District for the fifteen (15) consecutive years that precede the retirement date.

One Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement prior to May February 1 stating that he/she shall retire at the end of the next school year, the employee will be removed from the salary schedule and for the final year of employment the employee’s TRS creditable earnings shall be increased by three five and one-half percent (35.5%) over the employee’s TRS creditable earnings for the prior year of employment. In order to be eligible for this retirement incentive, employees must be employed by the District for the fifteen (15) consecutive years that precede the retirement date.

One Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement prior to May March 1 stating that he/she shall retire at the end of the next school year, the employee will be removed from the salary schedule and for the final final year of employment the employee’s TRS creditable earnings shall be increased by three four percent (34%) over the employee’s TRS creditable earnings for the prior year of employment. In order to be eligible for this retirement incentive, employees must be employed by the District for the fifteen (15) consecutive years that precede the retirement date.

One Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement prior to May June 1 stating that he/she shall retire at the end of the next school year, the employee will be removed from the salary schedule and for the final year of employment the employee’s nonexempt TRS creditable earnings shall be increased to current law not to exceed by three four percent (34%) over the employee’s nonexempt TRS creditable earnings for the prior year of employment. In order to be eligible for this retirement incentive, employees must be employed by the District for the fifteen (15) consecutive years that precede the retirement date.

One Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement prior to May 1 1st stating that he/she shall retire at the end of the next school year, the employee will be removed from the salary schedule and for the final year of employment the employee’s TRS creditable earnings earning shall be increased by three five percent (35%) over the employee’s TRS creditable earnings for the prior year of employment. In order to be eligible for this retirement incentive, employees must be employed by the District for the fifteen (15) consecutive years that precede the retirement date.

One Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement prior to May March 1 stating that he/she shall retire at the end of the next school year, the employee will be removed from the salary schedule and for the final final year of employment the employee’s TRS creditable earnings shall be increased by three six percent (36%) over the employee’s TRS creditable earnings for the prior year of employment. In order to be eligible for this retirement incentive, employees must be employed by the District for the fifteen (15) consecutive years that precede the retirement date.

One Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement prior to May June 1 stating that he/she shall retire at the end of the next school year, the employee will be removed from the salary schedule schedule, and for the final year of employment the employee’s TRS creditable earnings shall be increased by three five percent (35%) over the employee’s TRS creditable earnings for the prior year of employment. In order to be eligible for this retirement incentive, employees must be employed by the District for the fifteen (15) consecutive years that precede the retirement date.

One Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement prior to May March 1 stating that he/she shall retire at the end of the next school year, the employee will be removed from the salary schedule and for the final year of employment the employee’s TRS creditable earnings shall be increased by three six percent (36%) over the employee’s TRS creditable earnings for the prior year of employment. In order to be eligible for this retirement incentive, employees must be employed by the District for the fifteen (15) consecutive years that precede the retirement date.

One Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement prior to May February 1 stating that he/she shall retire at the end of the next school year, the employee will be removed from the salary schedule and for the final year of employment the employee’s TRS creditable earnings shall be increased by three six percent (36%) over the employee’s TRS creditable earnings for the prior year of employment. In order to be eligible for this retirement incentive, employees must be employed by the District for the fifteen (15) consecutive years that precede the retirement date.