Retirement Incentive Amount Sample Clauses
Retirement Incentive Amount. The amount of a full-time equivalent retirement incentive shall be $45,000, less deductions required by law. This amount shall be prorated for eligible part-time faculty members, based on the percentage of the faculty member’s part-time regular appointment. The College will structure each incentive payment in accordance with the retiring faculty member’s lawful instructions, subject to the College’s statutory obligations.
Retirement Incentive Amount. Upon retirement after twenty (20) years of service in the District, the teacher will receive the following: $6,000 plus .33 of daily rate for unused sick leave, capped at a maximum payment of $12,000. Office of Human Resources receiving the official notification.
Retirement Incentive Amount. If the above requirements are met, the employee is entitled to a retirement increment equivalent to half of the employee’s total pay for the employee’s last year of service to the District.