Retirement Incentive Stipend. 22.5.1 Any certificated bargaining unit member who notifies the District’s Human Resources Department no later than 5:00 p.m. February 1 of his or her plan to retire on or before June 30 shall receive a $1,000 retirement stipend. Any certificated bargaining unit member who notifies the District’s Human Resources Department no later than 5:00 p.m. March 1 of his or her plan to retire on or before June 30 shall receive a $500 retirement stipend. The stipend shall be paid on or before July 15 following the retirement of the unit member.
Retirement Incentive Stipend. Unit members who retire prior to the age of 65 with a minimum of twenty (20) years continuous service with the District immediately preceding retirement, who have applied for PERS retirement, and who notify the District of intent to retire by August 30th of the year prior to their final school year, may receive an early retirement incentive stipend as follows: Age on effective retirement date: Incentive Stipend effective 17 07/01/2006: 60 years of age $15,000 61 years of age $12,000 62 years of age $10,000 63 years of age $6,000
Retirement Incentive Stipend. 24.4.1 Effective July 1, 2009, any certificated bargaining unit member who notifies the District’s Human Resources Department no later than 5:00 p.m. March 1 of his or her plan to retire on or before June 30, for K-12 program unit members and September 1 for Child Development Program (CDP) unit members shall receive a $600 retirement stipend. The stipend shall be paid on or before July 15 (or September 15 for CDP unit members) immediately following the retirement date of the unit member.
