Common use of Retirement Incentives Clause in Contracts

Retirement Incentives. For professional employees who are currently employed under the Collective Bargaining Agreement July 1, 2017- June 30, 2020, a maximum of three professional employees who have reached the age of 57 and who have worked for 15 years within the Inter-Lakes School District as a professional employee will be eligible in their final year of employment for retirement incentives equal to 50 percent of the retiree’s highest earned salary in the District. Eligibility will be determined by the age of the retiree on June 30 of the final year of

Appears in 4 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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