Common use of Payment Upon Retirement Clause in Contracts

Payment Upon Retirement. An employee who retires from the District under the Michigan School Employee’s Retirement System will receive a one (1) time payment of one hundred twenty-five dollars ($125) for each year of full-time (nine (9) to twelve (12) month annual schedule, thirty (30) hours per week or more) District service and one hundred dollars ($100) for each year of part-time District service. • Upon retirement, secretaries will receive a payment of ten dollars ($10) for each sick day accumulated over two hundred (200) days.

Payment Upon Retirement. An employee who retires from the District under the Michigan School Employee’s Retirement System will receive a one (1) one-time payment of one hundred twenty-five dollars ($125) -for each year of full-time (nine (9) 9 to twelve (12) 12 month annual schedule, thirty (30) 30 hours per week or more) District service and one hundred dollars ($100) 100 for each year of part-time District service. • Upon retirement, secretaries will receive a payment of ten dollars ($10) 10.00 for each sick day accumulated over two hundred (200) 200 days.

Payment Upon Retirement.  An employee who retires from the District under the Michigan School Employee’s Retirement System will receive a one (1) time payment of one hundred twenty-five dollars ($125) for each year of full-time (nine (9) to twelve (12) month annual schedule, thirty (30) hours per week or more) District service and one hundred dollars ($100) for each year of part-time District service. •  Upon retirement, secretaries will receive a payment of ten dollars ($10) for each sick day accumulated over two hundred (200) days.