Plan One. Severance pay shall be available to teachers electing termination of services in the district and withdrawing from active teaching service who have been employed by regular contract and performed services prior to July 1, 1986 and who meet one of the following set of conditions: (1) have ten years of contracted teaching service in the district, have not less than 15 total years of full-time teaching service or 15 years of allowable service as defined in M.S. 122A.48 and have attained the age of 55 years at the time of retirement is effected; (2) have 25 years or more of service in this district; (3) have not less than 30 years of full-time teaching or 30 years of allowable service as defined in M. S. 122A.
Appears in 7 contracts
Samples: Labor Agreement, Labor Agreement, Labor Agreement
