Retirement Incentive Benefits. A. An employee tendering an irrevocable letter of resignation to a Teacher Retirement System (TRS) Retirement program on a date certain in the future in conformance with the following conditions shall be eligible for a retirement incentive in up to each of his or her final three years of teaching service subject to the following conditions:
Retirement Incentive Benefits this section of the Agreement contains three alternate plans that provide severance benefits to a teacher or an early buyout of any individual benefit. The plans are mutually exclusive. That is, an eligible teacher covered by this Agreement cannot participate in more than one of the alternate plans.
Retirement Incentive Benefits. 22.2.1 For unit members who retire on or after the age of 55 who have completed a minimum of ten (10) years of continuous service with the District immediately preceding retirement, the District shall pay the hospital and medical insurance premiums pursuant to sections 9.2 and 9.3 until they qualify for Medicare or reach age seventy (70), whichever occurs first. Thereafter, the District shall pay one- half (1/2) of the amount of the premiums for Medicare supplement plans up to a maximum of $2400 annually until they qualify for Medicare or reach age seventy
Retirement Incentive Benefits. Unit members who retire on or after the age of fifty-five (55) but prior to the age of sixty- five (65) with a minimum of twenty (20) years continuous service with the District immediately preceding retirement, may continue to receive the District paid Health Insurance monthly maximum contribution set forth in Article 6.3.1 at the time of retirement, for the unit member and spouse, until the unit member's sixty-fifth (65th) birthday. The unit member shall be responsible for the difference in cost above the cap. This provision shall only be applicable to unit members who retire during the term of this Agreement.
Retirement Incentive Benefits. In the event an employee can retire without any additional payment or penalty by the Board to the TRS for early retirement, the employee shall receive the following benefits (which are not intended to be retroactive)
Retirement Incentive Benefits. In the event an employee can retire without any additional payment or penalty by the Board to IMRF for early retirement, the employee shall receive the following benefits (which are not intended to be retroactive)
Retirement Incentive Benefits
