Payment to be Made in Lump Sum. Payment of severance pay shall be in a lump sum within ninety (90) days after the Board receives notice and written substantiation from the teacher that he/she has actually retired and is receiving retirement benefits from STRS or at a time mutually agreed upon. Such written substantiation must be made to the Board Treasurer within one hundred and twenty (120) days after the teacher actually retires.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
