Retiree Stipend. The first twenty (20) effective or highly effective teachers who submit a retirement letter will receive a stipend as described in the following: teachers who submit the letter between January 1, 2016 and February 1, 2016 with a retirement date between the end of the 2015- 2016 school year and the commencement of the 2016-2017 school year will receive a $2,000 stipend; teachers who submit such a letter between February 2, 2016 and April 1, 2016 will receive a $1500 stipend; and teachers who submit such a letter between April 2, 2016 and June 30, 2016 will receive a $1000 stipend. Payment will be made in a lump sum to be distributed in the teacher’s last paycheck.
Retiree Stipend. Any effective or highly effective teacher who submits a letter of the intent to retire by January 15, 2014 will receive a $250 increase in base salary. Payment will be made in a lump sum to be distributed in the teacher’s last paycheck.
Retiree Stipend. The first twenty (20) effective or highly effective teachers who submit a retirement letter between January 1, 2015 and February 1, 2015 with a retirement date between the end of the 2014-2015 school year and the commencement of the 2015-2016 school year will receive a $2,000 increase in base salary. Payment will be made in a lump sum to be distributed in the teacher’s last paycheck.
