Common use of Retirement Incentive Stipend Clause in Contracts

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. 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 $500 600 retirement stipend. The stipend shall be paid on or before July 15 following the retirement of the unit member.