Plan I Protection. 1. For each teacher who chose Plan I, at that teacher’s actual retirement after attaining age 55 and completing ten (10) years of teaching service with Manchester Community Schools, the Manchester Community Schools will calculate an amount (if any) equal to 16% of the teacher’s last annual contract salary for each whole year (but limited to a maximum of two years) by which the teacher actually retired prior to age sixty (60). That amount will be deposited as follows:
Appears in 7 contracts
Samples: Collective Bargaining, Collective Bargaining, Collective Bargaining Agreement
