Common use of Retirement Incentives Clause in Contracts

Retirement Incentives. 16.1 The District shall provide members with options for part-time employment to phase in their voluntary retirement programs. The phasing from full-time employment through part-time employment into full retirement is intended to take place over a period not to exceed five (5) years. 16.1.1 It shall be District policy to utilize Education Code Section 44922 to make phase-in retirement programs available to members. 16.1.2 The members may elect the program at the age of 55 16.1.3 To be eligible, the member must have been employed full-time in a position requiring certification for at least ten (10) years of which the immediately preceding five (5) years were full-time employment in the Xxxxxx Valley Unified School District. 16.1.4 The contract shall call for a reduced workload which is the equivalent of not less than one- half the number of days of service required by the contract of employment during the teacher's final year of service in a full-time position. In elementary grades, the normal arrangement is presumed to be one semester of teaching and one semester off, unless some other arrangement has been agreed to by District management, principal/program manager and teacher. 16.1.5 The member shall be paid a salary which is the pro rata share of the salary that would be earned had the teacher not elected to exercise the option of part-time employment. 16.1.6 The District and the member shall continue to pay retirement contributions at the full-time salary level, and the teacher shall continue to receive health benefits as provided in Section 53201 of the Government Code in the same manner as a full-time employee. 16.1.7 Sick leave entitlement shall accrue in an amount proportionate to the level of employment. (Example: A half-time teacher would accrue five (5) days.) 16.1.8 The option of part-time employment must be exercised at the request of the teacher and can be revoked only with the mutual consent of the District and the teacher. 16.1.9 The specific assignment for the first year of a member's phase-in retirement program must be satisfactory to District management, principal/program manager and the teacher. A conscientious effort will be made to provide the same, comparable or other appropriate assignments in succeeding years if the phase-in to retirement plan extends beyond one (1) year. 16.2 A Career Enhancement Incentive Program (CEIP) shall begin to sunset effective July 1, 2016. Under the provisions in place for members that retired prior to July 1, 2016, the Incentive Program shall provide a maximum of $7500 per year at a compensation rate based on per diem placement of a participant at the time of retirement. Effective June 30, 2020 this program will cease to exist.

Retirement Incentives. 16.1 The District shall provide members teachers with options for part-time employment to phase in their voluntary retirement programs. The phasing from full-time employment through part-time employment into full retirement is intended to take place over a period not to exceed five (5) years. 16.1.1 It shall be District policy to utilize Education Code Section 44922 to make phase-in retirement programs available to membersteachers. 16.1.2 The members teacher may elect the program at the age of 55 16.1.3 To be eligible, the member teacher must have been employed full-time in a position requiring certification for at least ten (10) years of which the immediately preceding five (5) years were full-time employment in the Xxxxxx Valley Unified School District. 16.1.4 The contract shall call for a reduced workload which is the equivalent of not less than one- one-half the number of days of service required by the contract of employment during the teacher's final year of service in a full-time position. In elementary grades, the normal arrangement is presumed to be one semester of teaching and one semester off, unless some other arrangement has been agreed to by District management, principal/program manager and teacher. 16.1.5 The member teacher shall be paid a salary which is the pro rata share of the salary that would be earned had the teacher not elected to exercise the option of part-time employment. 16.1.6 The District and the member teacher shall continue to pay retirement contributions at the full-time salary level, and the teacher shall continue to receive health benefits as provided in Section 53201 of the Government Code in the same manner as a full-time employee. 16.1.7 Sick leave entitlement shall accrue in an amount proportionate to the level of employment. (Example: A half-time teacher would accrue five (5) days.) 16.1.8 The option of part-time employment must be exercised at the request of the teacher and can be revoked only with the mutual consent of the District and the teacher. 16.1.9 The specific assignment for the first year of a memberteacher's phase-in retirement program must be satisfactory to District management, principal/program manager and the teacher. A conscientious effort will be made to provide the same, comparable or other appropriate assignments in succeeding years if the phase-in to retirement plan extends beyond one (1) year. 16.2 A Career Enhancement Incentive Program (CEIP) shall begin to sunset effective July 1, 2016. Under the provisions in place for members that retired prior to July 1, 2016, the Incentive Program be established which shall provide a maximum of $7500 per year at a compensation rate based on per diem placement of a participant at the time of retirement. Effective June 30, 2020 this program will cease to exist.

Retirement Incentives. 16.1 The District shall provide members with options for part-time employment to phase in their voluntary retirement programs. The phasing from full-time employment through part-time employment into full retirement is intended to take place over a period not to exceed five (5) years. 16.1.1 It shall be District policy to utilize Education Code Section 44922 to make phase-in retirement programs available to members. 16.1.2 The members may elect the program at the age of 55 16.1.3 To be eligible, the member must have been employed full-time in a position requiring certification for at least ten (10) years of which the immediately preceding five (5) years were full-time employment in the Xxxxxx Valley Unified School District. 16.1.4 The contract shall call for a reduced workload which is the equivalent of not less than one- one-half the number of days of service required by the contract of employment during the teacher's final year of service in a full-time position. In elementary grades, the normal arrangement is presumed to be one semester of teaching and one semester off, unless some other arrangement has been agreed to by District management, principal/program manager and teacher. 16.1.5 The member shall be paid a salary which is the pro rata share of the salary that would be earned had the teacher not elected to exercise the option of part-time employment. 16.1.6 The District and the member shall continue to pay retirement contributions at the full-time salary level, and the teacher shall continue to receive health benefits as provided in Section 53201 of the Government Code in the same manner as a full-time employee. 16.1.7 Sick leave entitlement shall accrue in an amount proportionate to the level of employment. (Example: A half-time teacher would accrue five (5) days.) 16.1.8 The option of part-time employment must be exercised at the request of the teacher and can be revoked only with the mutual consent of the District and the teacher. 16.1.9 The specific assignment for the first year of a member's phase-in retirement program must be satisfactory to District management, principal/program manager and the teacher. A conscientious effort will be made to provide the same, comparable or other appropriate assignments in succeeding years if the phase-in to retirement plan extends beyond one (1) year. 16.2 A Career Enhancement Incentive Program (CEIP) shall begin to sunset effective July 1, 2016. Under the provisions in place for members that retired prior to July 1, 2016, the Incentive Program shall provide a maximum of $7500 per year at a compensation rate based on per diem placement of a participant at the time of retirement. Effective June 30, 2020 this program will cease to exist.

Retirement Incentives. 16.1 The Any teacher may have his/her scheduled salary amount increased by 6% each year for up to the final four (4) years of employment in Xxxxxxx Community Unit District shall provide members with options for part-time employment to phase in their voluntary retirement programs. The phasing from full-time employment through part-time employment into full retirement is intended to take place over a period not to exceed five (5) years.139 provided the following provisions have been met: 16.1.1 It shall be District policy to utilize Education Code Section 44922 to make phase-in retirement programs available to members. 16.1.2 The members may elect the program at the age of 55 16.1.3 To be eligible, the member a. A teacher must have been employed full-time taught in a position requiring certification the district for at least ten (10) years of which the immediately preceding five (5) years were full-time employment in the Xxxxxx Valley Unified School District. 16.1.4 The contract shall call for a reduced workload which is the equivalent of not less than one- half the number of days of service required by the contract of employment during the teacher's final year of service in a full-time position. In elementary grades, the normal arrangement is presumed to be one semester of teaching and one semester off, unless some other arrangement has been agreed to by District management, principal/program manager and teacher. 16.1.5 The member shall be paid a salary which is the pro rata share of the salary that would be earned had the teacher not elected to exercise the option of part-time employment. 16.1.6 The District and the member shall continue to pay retirement contributions at the full-time salary level, and the teacher shall continue to receive health benefits as provided in Section 53201 of the Government Code in the same manner as a full-time employee. 16.1.7 Sick leave entitlement shall accrue in an amount proportionate to the level of employment. (Example: A half-time teacher would accrue five (5) days.) 16.1.8 The option of part-time employment must be exercised at the request of the teacher and can be revoked only with the mutual consent of the District and the teacher. 16.1.9 The specific assignment for the first year of a member's phase-in retirement program must be satisfactory to District management, principal/program manager and the teacher. A conscientious effort will be made to provide the same, comparable or other appropriate assignments in succeeding years if the phase-in to retirement plan extends beyond one (1) year. 16.2 A Career Enhancement Incentive Program (CEIP) shall begin to sunset effective July 1, 2016. Under the provisions in place for members that retired prior to July 1, 2016, the Incentive Program shall provide a maximum of $7500 per year at a compensation rate based on per diem placement of a participant at the time of retirementretirement to be eligible to receive up to two (2) years of incentive. Effective June 30A teacher must have taught at least fifteen (15) years in the district at the time of retirement to be eligible to receive up to three (3) years of incentive. A teacher must have taught at least twenty (20) years in the district at the time of retirement to be eligible to receive up to four (4) years of incentive. b. The teacher must submit his/her intent to retire no later than March 1 of the school year preceding the school year in which the initial 6% salary increase occurs. This intent must be an irrevocable letter of resignation accompanied by a member-requested Teachers’ Retirement System (TRS) “Personal Statement of Benefits” and “Benefit Estimate” confirming that said teacher is eligible to retire with no Early Retirement Option (ERO) cost to the Board. For example, 2020 a teacher who will have taught at least 20 years in the district at the end of the 2021-2022 school year and plans to retire at that time must submit his/her intent request with the designated documentation no later than March 1, 2018, to receive four (4) years of benefits. c. After the Board’s acceptance of the notice of the teacher’s irrevocable intent to retire, the teacher’s base teaching salary shall be increased to 6% more than the teacher’s base salary earned during the prior year. For the purposes of this program section, “teacher’s base salary” shall be salary involving teaching only and does not include stipends, extra duty assignments, additional work days, or any other extra pay. The teacher will cease continue to existbe a part of the District Salary Schedule with regard to contracts negotiated during his/her remaining years of employment with the district. Example 1: 2018-2019 Base Earnings: d. The Board, in its sole discretion, may allow the teacher to rescind his/her letter of retirement because of life altering circumstances. If allowed the teacher will return to the district all payments received by this provision in excess of the amount the teacher would otherwise have received on the regular salary schedule, including excess TRS benefits paid by the district. The teacher will then return to the District Salary Schedule. e. If legislation is enacted and/or TRS rules and regulations are adopted during the life of the agreement that result in greater cost to the district or that reduce or restrict teacher benefits generated by this agreement, the provisions of this section become null and void and the parties agree to reopen this section for negotiation.