Regular Retirement Plan Clause Samples

Regular Retirement Plan. A To be eligible, an individual must have completed at least ten (10) consecutive years of teaching full-time or part-time in Glenbard Township High School District #87 immediately preceding his/her retirement under the provisions of the Illinois Teachers’ Retirement Act, the Teachers’ Retirement System and this section. The individual must also have 35 years in Teachers’ Retirement System or be 60 years old within six months of the last day of school so that there is no retirement penalty for the Board.