RETIREMENT INCREMENT. Up to two thousand dollars ($2,000.00) of the vested Retirement 2 Sick Leave Amount [or such larger amount as may be subsequently allowed as additional 3 compensation for Indiana State Teachers Retirement Fund purposes] shall be paid to the 4 retiring teacher, less applicable withholdings, in the year of retirement.
RETIREMENT INCREMENT. A retiring Director of Human Resources with ten years of service to the Burnt Hills-Ballston Lake Central School District shall receive a retirement termination increment of $12,500. This payment shall be made at the time of retirement. To receive this increment and benefit, an administrator must submit a resignation for retirement purposes, in writing, to the Superintendent of Schools by January 1 in the year the administrator intends to retire. In addition, this written resignation must be received at least six (6) months prior to the effective date of retirement, which must occur by no later than June 30 of the retirement year. Any other arrangement must be mutually agreed upon between the retiring administrator and the Superintendent. The termination increment will be deposited into a 403b account for the retiring administrator within 60 days following the date of retirement.
RETIREMENT INCREMENT. For retiring supervisors with ten years of Burnt Hills service who are eligible and apply for New York State Retirement and who have submitted a letter of resignation to the Superintendent of Schools at least 60 calendar days prior to the effective retirement date, shall be compensated for unused sick days at the rate of $70 per day. These funds shall be distributed to the employee’s 403b account within 30 days of retirement. The effective retirement date will be used to determine the total number of accumulated unused sick days. In addition, each retiring organization member who meets the eligibility criteria stated in the preceding paragraph will receive a retirement termination increment equal to $12,500. These funds shall be distributed to the employee’s 403b account within 30 days of retirement.
RETIREMENT INCREMENT. 37.1 A teacher, who as of the effective date of retirement will have completed fifteen (15) years of full time service in the Hull Public Schools, upon notification of retirement three (3) years in advance, shall be paid a $2,400 retirement increment in equal installments over the last three (3) years of employment.
RETIREMENT INCREMENT. The employer shall pay a retirement increment to the retiring members of the bargaining unit upon the following conditions: The employee shall notify the employer of his/her intention to retire and enter into the Public School Employees Retirement System (PSERS) at least four (4) months in advance of the effective date of retirement. Payment of the retirement increment shall be made during the month immediately following the effective retirement date. The retirement increment shall be calculated based on unused Paid Time Off days as follows: All employees shall receive per diem payment for up to 5 unused Paid Time Off days and the following for 6 or more unused Paid Time Off days: 2017-2018 $40/day 2018-2019 $40/day 2019-2020 $45/day 2020-2021 $45/day 2021-2022 $50/day Bereavement Leave Each member of the bargaining unit shall be granted bereavement leave in accordance with the following schedule: For a death of the following family members, three (3) days leave, with pay, will be provided to all employees. Family members shall be defined as father, mother, husband, wife, child, brother, sister, grandparent, parent-in-law, son/daughter-in-law, grandchild, or any person with whom the employee makes his/her home. For the death of a ‘near relative,” one (1) day leave, with pay, will be provided to all employees. “Near relative” shall be defined as aunt, uncle, xxxxx, nephew, first cousin, brother/sister-in-law, and grandparent-in-law.
RETIREMENT INCREMENT. Up to two thousand dollars ($2,000.00) of the vested Severance Amount [or such larger amount as may be subsequently allowed as additional compensation for ISTRF purposes] shall be paid to the retiring teacher, less applicable withholdings, in the year of retirement. (This payment is not intended to exceed the maximum Severance Amount calculated under Subsection 3A above.)
RETIREMENT INCREMENT. A retiring Assistant Superintendent with ten years of Burnt Hills-Ballston Lake Central School District service shall receive a retirement termination increment of $12,500. To receive this increment, Xxxxx must submit a resignation for retirement purposes in writing to the Superintendent of Schools by January 1 and at least six months prior to the effective date of retirement, which must occur by June 30. Any other arrangement must be mutually agreed upon between the retiring administrator and the Superintendent. The termination increment will be deposited into a 403b account for the retiring administrator within 60 days following the date of retirement.
RETIREMENT INCREMENT. A. Any bargaining unit member giving the District notice that he/she will be retiring according to the timelines listed below shall be given a double increment for the current school year. To qualify, the teacher must have a total of at least twenty (20) years of teaching service, at least ten (10) of which must have been with the Xxxxxx-Xxxxxxxxxx Central School District. Notification Timelines: Before or on September 15th for the end of first semester retirement in January. Before or on the last day of the first semester in January for retirement at the end of June.
RETIREMENT INCREMENT. Section 15.01 Any professional employee who plans to retire, and so notifies the Board of School Directors on or before March 1 (except for extenuating circumstances) of their last school year of employment, shall receive as per PSERS regulations, in addition to that specified by the salary schedule, a minimum of $600 with no maximum as determined by years of service in the district. Each year of district service represents $60. The deadline for notice of retirement shall be extended should the state legislature pass legislation after March 1 which provides an opportunity for employees to retire under modified requirements of normal retirement of PSERS. Employees must meet the March 1 deadline to receive benefits as per Section 13.10a and Section 13.10b of this agreement.
RETIREMENT INCREMENT. A $2000 increment will be granted in his/her last employment year to any teacher who retires from the system under Massachusetts retirement and disability laws provided that:
