Retirement Bonuses. 17.6.1 Based on annual Board of Trustees discretion, retirement bonuses will be reviewed, and available funding will be discussed and determined. 17.6.2 To be eligible, a unit member must: a. Complete 15 years of service and be 55 years of age or older b. Be a member of STRS 17.6.3 All bonuses require annual board approval through negotiations. A side letter will be provided which outlines annual agreements. All agreements are for single-year only.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
Retirement Bonuses. 17.6.1 Based on annual Board of Trustees discretion, the retirement bonuses will be reviewed, reviewed and available funding will be discussed and determined.
17.6.2 . To be eligible, a unit member must:
a. Complete 15 years of service and be 55 years of age or older
b. Be a member of STRS
17.6.3 STRS All bonuses require annual board approval through negotiations. A side letter will be provided which outlines annual agreements. All agreements are for single-year only.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
