Common use of Procedure and Benefits Clause in Contracts

Procedure and Benefits. Except as provided in subsection C. 1. below any notice of retirement given pursuant to this Section 19.3 shall be deemed to be irrevocable. This retirement benefit is available for up to three years. An employee, however, must give the Board a written notice of retirement by June 1 of 2016, for a retirement benefit for either three or two years, or June 1 of 2017, for a retirement benefit for one year, said notices to be for a retirement on or before the end of the 2017-2018 school year. In such event, the employee shall be removed from the salary schedule and the Board shall pay him/her a 6% retirement incentive, inclusive of all other increases in IMRF creditable compensation, for his/her remaining years of service. By way of illustration: 1. If an employee gives the Board a written notice of retirement by June 1, 2016 with a retirement date at the end of the school year of 2018, such notice shall state whether it is effective for the 2015-2016 school year or whether it is effective beginning with the 2016-2017 school year. The Board shall pay him/her a 6% retirement incentive, inclusive of all other increases in IMRF creditable compensation, for his/her three years or two years of service consistent with the notice. 2. If an employee gives the Board a written notice of retirement by June 1, 2017 with a retirement date at the end of the school year 2018 then such notice shall be effective for the 2017-2018 school year only and the Board shall pay him/her a 6% retirement incentive, inclusive of all other increases in IMRF creditable compensation, for his/her remaining one year of service.

Procedure and Benefits. Except as provided in subsection C. 12. below any notice of retirement given pursuant to this Section 19.3 14.6 shall be deemed to be irrevocable. This retirement benefit is available for up to three years. An employee, however, must give the Board a written notice of retirement by June 1 of 2016, for a retirement benefit for either three or two years, or June 1 of 2017, for a retirement benefit for one year, said notices to be for a retirement on or before the end of the 2017-2018 school year. In such event, the employee shall be removed from the salary schedule and the Board shall pay him/her a 6% retirement incentive, inclusive of all other increases in IMRF TRS creditable compensation, for his/her remaining years of service. By way of illustration: 1. If an employee gives the Board a written notice of retirement by June 1, 2016 with a retirement date at the end of the school year of 2018, such notice shall state whether it is effective for the 2015-2016 school year or whether it is effective beginning with the 2016-2017 school year. The Board shall pay him/her a 6% retirement incentive, inclusive of all other increases in IMRF TRS creditable compensation, for his/her three years or two years of service consistent with the notice. 2. If an employee gives the Board a written notice of retirement by June 1, 2017 with a retirement date at the end of the school year 2018 then such notice shall be effective for the 2017-2018 school year only and the Board shall pay him/her a 6% retirement incentive, inclusive of all other increases in IMRF TRS creditable compensation, for his/her remaining one year of service. If, after submitting a written notice of retirement by June 1 provided above, the employee resigns from or is dismissed from duties for which the employee was paid a stipend or additional compensation in the previous year, the retirement incentive for that employee will be reduced accordingly.

Procedure and Benefits. Except as provided in subsection C. 1. below any notice of retirement given pursuant to this Section 19.3 shall be deemed to be irrevocable. This retirement benefit is available for up to three years. An employee, however, must give the Board a written notice of retirement by June 1 of 2016, for a retirement benefit for either three or two years, or June 1 of 2017, for a retirement benefit for one year, said notices to be for a retirement on or before the end of the 2017-2018 school year. In such event, the employee shall be removed from the salary schedule and the Board shall pay him/her a 6% retirement incentive, inclusive of all other increases in IMRF creditable compensation, for his/her remaining years of service. By way of illustration:illustration:¶ ¶ 1. If an employee gives the Board a written notice of retirement by June 1, 2016 with a retirement date at the end of the school year of 2018, such notice shall state whether it is effective for the 2015-2015- 2016 school year or whether it is effective beginning with the 2016-2016- 2017 school year. The Board shall pay him/her a 6% retirement incentive, inclusive of all other increases in IMRF creditable compensation... Deleted: all hours or portions thereof Deleted: spent interpreting, for his/her three years or two years of service consistent with the notice. 2. If an employee gives the Board a written notice of retirement by June 1, 2017 with a retirement date at the end of the school year 2018 then such notice which shall be effective for the 2017-2018 school year only and the Board shall pay him/her a 6% retirement incentive, inclusive of all other increases in IMRF creditable compensation, for his/her remaining one year of service.paid Deleted: normally earned by Interpreters ARTICLE XXI

Procedure and Benefits. Except as provided in subsection C. 1. below any notice of retirement given pursuant to this Section 19.3 24.4 shall be deemed to be irrevocable. This retirement benefit is available for up to three years. An employee, however, must give the Board a written notice of retirement by June 1 of 2016, for a retirement benefit for either three or two years, or June 1 of 2017, for a retirement benefit for one year, said notices to be for a retirement on or before the end of the 2017-2018 school year. In such event, the employee shall be removed from the salary schedule and the Board shall pay him/her a 6% retirement incentive, inclusive of all other increases in IMRF creditable compensation, for his/her remaining years of service. By way of illustration: 1. If an employee gives the Board a written notice of retirement by June 1, 2016 with a retirement date at the end of the school year of 2018, such notice shall state whether it is effective for the 2015-2016 school year or whether it is effective beginning with the 2016-2017 school year. The Board shall pay him/her a 6% retirement incentive, inclusive of all other increases in IMRF creditable compensation, for his/her three years or two years of service consistent with the notice. 2. If an employee gives the Board a written notice of retirement by June 1, 2017 with a retirement date at the end of the school year 2018 then such notice shall be effective for the 2017-2018 school year only and the Board shall pay him/her a 6% retirement incentive, inclusive of all other increases in IMRF creditable compensation, for his/her remaining one year of service.