Common use of Retirement Incentive Program Clause in Contracts

Retirement Incentive Program. A. A Retirement Incentive Program will be provided by the District based upon the conditions stipulated below: 1. Any certificated employee of the Ceres Unified School District who is eligible for retirement under the California State Teachers’ Retirement System shall be eligible to participate in the District’s Retirement Incentive Program providing the following provisions are met: a. The certificated employee must be vested and be on Column D (or higher) of the salary schedule. b. The certificated employee must have reached the age of fifty-five (55) years prior to the first day of the next certificated employees’ work year. c. The certificated employee shall notify the District superintendent of his/her intention to retire no later than April 15 of the last year of employment. d. The maximum base salary for determining the Retirement Incentive pay for any certificated employee may not exceed the top of the certificated salary schedule, including the master’s degree. The base salary is the certificated employee’s present placement on the certificated salary schedule. This does not include extended contracts and extra duty pay. e. No certificated employee who is to receive a Retirement Incentive payment may accept a teaching, counseling, or school administrative position in any school district in California. Substituting and short-term contracts allowed by the S.T.R.S., and not affecting S.T.R.S. retirement payments, are accepted. If this provision is violated, the amount of the Retirement Incentive payment paid to the certificated employee shall be returned to the Ceres Unified School District within six (6) months, and subsequent payments shall be terminated.

Appears in 5 contracts

Samples: Certificated Employees' Contract, Certificated Employees' Contract, Certificated Employees’ Contract

AutoNDA by SimpleDocs

Retirement Incentive Program. A. A Retirement Incentive Program will be provided by the District based upon the conditions stipulated below: 1. Any certificated employee of the Ceres Unified School District who is eligible for retirement under the California State Teachers’ Retirement System shall be eligible to participate in the District’s Retirement Incentive Program providing the following provisions are met: a. The certificated employee must be vested and be on Column D (or higher) of the salary schedule. b. The certificated employee must have reached the age of fifty-five (55) years prior yearsprior to the first day of the next certificated employees’ work year. c. The certificated employee shall notify the District superintendent of his/her intention to retire no later than April 15 of the last year of employment. d. The maximum base salary for determining the Retirement Incentive pay for any certificated employee may not exceed the top of the certificated salary schedule, including the master’s degree. The base salary is the certificated employee’s present placement on the certificated salary schedule. This does not include extended contracts and extra duty pay. e. No certificated employee who is to receive a Retirement Incentive payment may accept a teaching, counseling, or school administrative position in any school district in California. Substituting and short-term contracts allowed by the S.T.R.S., and not affecting S.T.R.S. retirement payments, are accepted. If this provision is violated, the amount of the Retirement Incentive payment paid to the certificated employee shall be returned to the Ceres Unified School District within six (6) months, and subsequent payments shall be terminated.

Appears in 3 contracts

Samples: Certificated Employees' Contract, Certificated Employees' Contract, Certificated Employees' Contract

Retirement Incentive Program. A. A Retirement Incentive Program will be provided by the District based upon the conditions stipulated below: 1. Any certificated employee of the Ceres Unified School District who is eligible for retirement under the California State Teachers’ Retirement System shall be eligible to participate in the District’s Retirement Incentive Program providing the following provisions are met: a. The certificated employee must be vested and be on Column D (or higher) of the salary schedule. b. The certificated employee must have reached the age of fifty-five (55) years prior to the first day of the next certificated employees’ work year. c. The certificated employee shall notify the District superintendent of his/her intention to retire no later than April 15 of the last year of employmentofemployment. d. The maximum base salary for determining the Retirement Incentive pay for any certificated employee may not exceed the top of the certificated salary schedule, including the master’s degree. The base salary is the certificated employee’s present placement on the certificated salary schedule. This does not include extended contracts and extra duty pay. e. No certificated employee who is to receive a Retirement Incentive payment may accept mayaccept a teaching, counseling, or school administrative position in any school district in California. Substituting and short-term contracts allowed by the S.T.R.S., and not affecting S.T.R.S. retirement payments, are accepted. If this provision is violated, the amount of the Retirement Incentive payment paid to the certificated employee shall be returned to the Ceres Unified School District within six (6) months, and subsequent payments shall be terminated.

Appears in 2 contracts

Samples: Certificated Employees' Contract, Certificated Employees' Contract

Retirement Incentive Program. A. A Retirement Incentive Program will be provided by the District based upon the conditions stipulated below: 1. Any certificated employee of the Ceres Unified School District who is eligible for retirement under the California State Teachers’ Retirement System shall be eligible to participate in the District’s Retirement Incentive Program providing the following provisions are met: a. The certificated employee must be vested and be on Column D (or higher) of the salary schedule. b. The certificated employee must have reached the age of fifty-five (55) years prior to the first day of the next certificated employees’ work yearworkyear. c. The certificated employee shall notify the District superintendent of his/her intention to retire no later than April 15 of the last year of employment. d. The maximum base salary for determining the Retirement Incentive pay for any certificated employee may not exceed the top of the certificated salary schedule, including the master’s degree. The base salary is the certificated employee’s present placement on the certificated salary schedule. This does not include extended contracts and extra duty pay. e. No certificated employee who is to receive a Retirement Incentive payment may accept a teaching, counseling, or school administrative position in any school district in California. Substituting and short-term contracts allowed by the S.T.R.S., and not affecting S.T.R.S. retirement payments, are accepted. If this provision is violated, the amount of the Retirement Incentive payment paid to the certificated employee shall be returned to the Ceres Unified School District within six (6) months, and subsequent payments shall be terminated.

Appears in 1 contract

Samples: Certificated Employees' Contract

Retirement Incentive Program. A. A Retirement Incentive Program will be provided by the District based upon the conditions stipulated below: 1. Any certificated employee of the Ceres Unified School District who is eligible for retirement under the California State Teachers’ Retirement System shall be eligible to participate in the District’s Retirement Incentive Program providing the following provisions are met: a. The certificated employee must be vested and be on Column D (or higher) of the salary schedule. b. The certificated employee must have reached the age of fifty-five (55) years prior to the first day of the next certificated employees’ work year. c. The certificated employee shall notify the District superintendent of his/her intention to retire no later than April 15 of the last year of employmentofemployment. d. The maximum base salary for determining the Retirement Incentive pay for any certificated employee may not exceed the top of the certificated salary schedule, including the master’s degree. The base salary is the certificated employee’s present placement on the certificated salary schedule. This does not include extended contracts and extra duty pay. e. No certificated employee who is to receive a Retirement Incentive payment may accept a teaching, counseling, or school administrative position in any school district in California. Substituting and short-term contracts allowed by the S.T.R.S., and not affecting S.T.R.S. retirement payments, are accepted. If this provision is violated, the amount of the Retirement Incentive payment paid to the certificated employee shall be returned to the Ceres Unified School District within six (6) months, and subsequent payments shall be terminated.

Appears in 1 contract

Samples: Collective Bargaining Agreement

AutoNDA by SimpleDocs

Retirement Incentive Program. A. A Retirement Incentive Program will be provided by the District based upon the conditions stipulated below: 1. Any certificated employee of the Ceres Unified School District who is eligible for retirement under the California State Teachers’ Retirement System shall be eligible to participate in the District’s Retirement Incentive Program providing the following provisions are met: a. The certificated employee must be vested and be on Column D (or higher) of the salary schedule. b. The certificated employee must have reached the age of fifty-five (55) years prior to the first day of the next certificated employees’ work year. c. The certificated employee shall notify the District superintendent of his/her intention to retire no later than April March 15 of the last year of employmentofemployment. d. The maximum base salary for determining the Retirement Incentive pay for any certificated employee may not exceed the top of the certificated salary schedule, including the master’s degree. The base salary is the certificated employee’s present placement on the certificated salary schedule. This does not include extended contracts and extra duty pay. e. No certificated employee who is to receive a Retirement Incentive payment may accept a teaching, counseling, or school administrative position in any school district in California. Substituting and short-term contracts allowed by the S.T.R.S., and not affecting S.T.R.S. retirement payments, are accepted. If this provision is violated, the amount of the Retirement Incentive payment paid to the certificated employee shall be returned to the Ceres Unified School District within six (6) months, and subsequent payments shall be terminated.

Appears in 1 contract

Samples: Certificated Employees' Contract

Retirement Incentive Program. A. A Retirement Incentive Program will be provided by the District based upon the conditions stipulated below: 1. Any certificated employee of the Ceres Unified School District who is eligible for retirement under the California State Teachers’ Retirement System shall be eligible to participate in the District’s Retirement Incentive Program providing the following provisions are met: a. The certificated employee must be vested and be on Column D (or higher) of the salary schedule. b. The certificated employee must have reached the age of fifty-five (55) years prior to the first day of the next certificated employees’ work year. c. The certificated employee shall notify the District superintendent of his/her intention to retire no later than April March 15 of the last year of employment. d. The maximum base salary for determining the Retirement Incentive pay for any certificated employee may not exceed the top of the certificated salary schedule, including the master’s degree. The base salary is the certificated employee’s present placement on the certificated salary schedule. This does not include extended contracts and extra duty pay. e. No certificated employee who is to receive a Retirement Incentive payment may accept mayaccept a teaching, counseling, or school administrative position in any school district in California. Substituting and short-term contracts allowed by the S.T.R.S., and not affecting S.T.R.S. retirement payments, are accepted. If this provision is violated, the amount of the Retirement Incentive payment paid to the certificated employee shall be returned to the Ceres Unified School District within six (6) months, and subsequent payments shall be terminated.

Appears in 1 contract

Samples: Certificated Employees' Contract

Retirement Incentive Program. A. A Retirement Incentive Program will be provided by the District based upon the conditions stipulated below: 1. Any certificated employee of the Ceres Unified School District who is eligible for retirement under the California State Teachers’ Retirement System shall be eligible to participate in the District’s Retirement Incentive Program providing the following provisions are met: a. The certificated employee must be vested and be on Column D (or higher) of the salary schedule. b. The certificated employee must have reached the age of fifty-five (55) years prior to the first day of the next certificated employees’ work year. c. The certificated employee shall notify the District superintendent of his/her intention to retire no later than April March 15 of the last year of employmentofemployment. d. The maximum base salary for determining the Retirement Incentive pay for any certificated employee may not exceed the top of the certificated salary schedule, including the master’s degree. The base salary is the certificated employee’s present placement on the certificated salary schedule. This does not include extended contracts and extra duty pay. e. No certificated employee who is to receive a Retirement Incentive payment may accept mayaccept a teaching, counseling, or school administrative position in any school district in California. Substituting and short-term contracts allowed by the S.T.R.S., and not affecting S.T.R.S. retirement payments, are accepted. If this provision is violated, the amount of the Retirement Incentive payment paid to the certificated employee shall be returned to the Ceres Unified School District within six (6) months, and subsequent payments shall be terminated.

Appears in 1 contract

Samples: Certificated Employees' Contract

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!