Common use of Rescission of Retirement Clause in Contracts

Rescission of Retirement. An employee who has submitted his/her notice of retirement may request that the Board rescind the effective date of resignation from the District in the event of a life-altering event (e.g., death of a spouse or significant other, death in the immediate family causing a financial hardship to the employee, divorce, spouse’s loss of a job, serious illness of the employee or spouse). The Board will make a good faith effort to accommodate the request. If the Board approves the rescission of the resignation date, the parties will determine a plan for the employee’s repayment of any retirement incentives already paid out. The employee may then take advantage at a later date of any retirement incentive that exists by making a new, timely election.

Appears in 4 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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