Retirement Incentive Bonus. Upon retirement from Noble Public Schools, an employee whose age and years of service has reached eighty (80) for pre 1991 employment and ninety (90) for post 1991 employment, and been with the Noble School District for a minimum of five (5) years, shall be paid a Retirement Incentive Bonus based on one of the following formulas:
Retirement Incentive Bonus. Upon qualifying for retirement with the Oklahoma Teachers’ Retirement System or upon death, an employee who has been with the Noble School District for a minimum of five (5) years shall be paid a Retirement Incentive Bonus based on one of the following formulas:
Retirement Incentive Bonus. A. Criteria Effective September 1, 2009, bargaining unit members who meet the following criteria are eligible for Retirement Incentive bonus:
Retirement Incentive Bonus. Pursuant to the Agreement & Promissory Note (“Promissory Note”) between the Assistant Principal and the Board dated July 22, 2019, the Assistant Principal shall be paid the retirement incentive bonus due to him for this Contract Year pursuant to the Promissory Note. The bonus amount shall be calculated and paid in accordance with the Promissory Note and paid out on or before June 30, 2024, subject to the limitation associated with any excess creditable earnings penalty to the Board, should there be one, as described in the Promissory Note.
Retirement Incentive Bonus. 10 Unit members who retire on or before June 30, 2019 with fifteen (15) or more years of service
Retirement Incentive Bonus. The eligible teacher who at the time of retirement is at least age 60 or has at least 35 years of TRS creditable service will receive a Retirement Recognition Bonus (Bonus) of $52,500. The eligible teacher who at the time of retirement is under age 60 and has less than 35 years of TRS creditable service will receive a bonus $52,500 reduced by 5% for each one-quarter school year that the teacher is under age 60. This Bonus will be pro-rated for a part-time teacher based upon his/her highest full-time equivalency during his/her final three years of employment. The Bonus will begin to be paid over a period of up to five years prior to retirement upon receipt by the Superintendent of irrevocable written notification of the teacher’s resignation and intention to retire. Once a teacher submits this notice, the teacher will continue to receive increases as established in Section 9.1.1. The Bonus will be distributed as follows: • Starting with the school year in which the notice is given, a portion of the available Bonus will be paid to increase each year’s total TRS creditable earnings used in the pension calculation up to 6% over the previous year, for a maximum of five years, so long as such payments do not result in an excess salary penalty from TRS. This amount will be paid in two equal installments each applicable year, the first in December and the second in June. If necessary, the final paycheck will be adjusted to insure that the TRS limitation is not exceeded. • A lump sum payment will be made to the teacher after the date of the teacher’s retirement and last regular paycheck but in any event no later than thirty (30) days after the later of these dates. The amount of this payment will be the total Bonus amount less the Bonus payments made to increase the teacher’s creditable earnings before retirement.
Retirement Incentive Bonus. 25.01 In addition to severance, the employee is entitled to a retirement incentive bonus of $17,500. The payment of the incentive shall not be made until the employee certifies acceptance into the retirement system and receipt of the first retirement check. ARTICLE XXVI - SALARY SCHEDULE
Retirement Incentive Bonus. Pursuant to the Agreement & Promissory Note (“Promissory Note”) between the Athletic Director and the Board dated January 10, 2023, the Athletic Director shall be paid the retirement incentive bonus due to him for this Contract Year pursuant to the Promissory Note. The bonus amount shall be calculated and paid in accordance with the Promissory Note and paid out on or before June 30, 2025, subject to the limitation associated with any excess creditable earnings penalty to the Board, should there be one, as described in the Promissory Note.
Retirement Incentive Bonus. 1. Any employee retiring under the terms and conditions of the Pennsylvania Public School Retirement System with twenty-five (25) or more years of covered service, with at least the last fifteen (15) years being with the Clarion Area School District, shall be entitled to a twenty-five dollar ($25.00) per day lump sum bonus for each day of accumulated sick leave to a maximum of two hundred (200) days and a maximum of five thousand dollars ($5,000.00). The District shall make a non-elective employer contribution to the employee’s 403(b) retirement program in the amount set forth above. The employee shall receive no cash option. All such District contributions into 403(b) accounts under this agreement shall be deposited into qualified 403(b) accounts established for the eligible employee with the approved vendor who shall be responsible for administering the program.
Retirement Incentive Bonus. On or before March 1 of each year, the Board and Association shall meet to discuss a retirement bonus; any such bonus shall be negotiated with the Association.
