Retirement Incentive Program. To qualify for the District retirement incentive plan, an employee must be eligible to retire under the Public School Employees Retirement System, have accrued thirty (30) years of MPSERS service credit with no fewer than twenty (20) years actual employment completed with the Vicksburg Community Schools, and be on step 14 or higher as of the 14th pay of the 2013-14 school year. Notice of intent to retire must be made to the Board of Education by April 1. Employees who retire as of June 30 shall receive a lump sum payment of $10,000 before September 1 following their last day of work, or at their election the following January 1. This Retirement Incentive Plan shall be offered until the date legislation is signed into state law, which would impose any kind of financial penalty to districts with retirement incentive programs. In the event this occurs, members who have already retired under the District Retirement Incentive Program will continue to receive the full benefit for which they qualify under Appendix D. Employees, who participate in the retirement incentive program, may elect to continue to receive hospitalization insurance through the School District until age 65 and shall pay the cost of the insurance by one of the following methods:
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Samples: www.vicksburgschools.org, www.vicksburgschools.org, www.mackinac.org
