Retirement Life. The Board shall pay the premium to provide group term life insurance in the amount of $25,000 to age 65 for each administrator who retires within the provisions of the Michigan Public School Employees Retirement System (MPSERS). The life insurance is discontinued upon the insured reaching age 65.
Retirement Life. Insurance If you are eligible for early retirement (including by bridging), you will have post-retirement life coverage (at no cost to you) if you were covered under the IP life insurance plan for active employees on December 31, 1999, and you were age 50 or older on January 1, 2000. For all other employees, there is no post-retirement life coverage. Same Education Assistance IP will continue to reimburse you for eligible courses in which you were enrolled on or before your Last Day of Active Employment. Same Pg. 13
Retirement Life. Insurance If you are eligible for early retirement (including by bridging), you will have post-retirement life coverage (at no cost to you) if you were covered under the IP life insurance plan for active employees on December 31, 1999, and you were age 50 or older on January 1, 2000. For all other employees, there is no post-retirement life coverage. Same Education Assistance IP will continue to reimburse you for eligible courses in which you were enrolled on or before the last day of active employment Same International Paper Company Termination Agreement – Exhibit 1 – Revised 12/10/2015 Management Incentive Plan (MIP )7 Lump sum payment based on MIP target, prorated for the number of months of service in plan year. If you terminate after the end of the plan year, but before MIP payout, you will receive your full prior year award based on actual performance achievement, and your prorated target award for the year of your termination. Same, if you are retirement eligible. If you are not retirement eligible, you will forfeit your MIP award. No MIP award will be paid to you. 7 Participants in the Company’s Executive MIP will receive a prorated MIP award based on actual Company and individual performance, as required by Section 162(m) of the Internal Revenue Code. In addition, this summary applies only to severance situations. Please see the MIP plan document for payout information in other situations, such as retirement. International Paper Company Termination Agreement – Exhibit 1 – Revised 12/10/2015 Performance Share Plan (PSP) Prorated shares, based on the number of months of active service during the three-year performance period, are paid at the end of the three-year performance period based on actual Company performance. Detailed account information is available at xxx.xxxxxxxx.xx.xxx with your User name and password. If you have not already done so, it is important that you open your Limited Individual Investor Account (LIIA) on the Xxxxxxx Xxxxx website prior to a PSP payout so that your shares can be deposited at the time of the PSP payout. Failure to open your LIIA could result in your losing your PSP shares. Same, if you are retirement eligible. Beginning with the 2014 PSP grant, if you are not retirement eligible, you will forfeit any of your unvested PSP awards. No unvested PSP awards will be paid to you. International Paper Company Termination Agreement – Exhibit 1 Bridging to Early Retirement If you are at least age 53 with at least eight (8)...
Retirement Life. The Board shall pay the premium to provide group term life insurance in the amount of $25,000 to age 65 for each administrator who retires within the provisions of the Michigan Public School Employees Retirement System (MPSERS). The life insurance is discontinued upon the insured reaching age 65. 2012-2013 - Full Step and 1% on top of "off schedule" last year + 750 added to contract amount 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 High School Principal $119,262 $120,675 $122,087 $123,513 $124,940 $126,073 $127,206 $128,067 $128,928 $130,258 $133,557 International Academy Principal $119,262 $120,675 $122,087 $123,513 $124,940 $126,073 $127,206 $128,067 $128,928 $130,258 $133,557 Middle School Principal $107,529 $108,679 $109,829 $111,511 $113,193 $114,422 $115,652 $116,736 $117,820 $119,845 $123,692 Alt HS/Model HS Principal $107,529 $108,679 $109,829 $111,511 $113,193 $114,422 $115,652 $116,736 $117,820 $119,845 $123,692 Elementary Principal $101,835 $102,910 $103,984 $105,563 $107,141 $108,291 $109,441 $110,313 $111,185 $113,224 $116,987 High School Associate Principal $102,784 $104,027 $105,271 $106,494 $107,717 $108,812 $109,906 $110,842 $111,779 $112,986 $115,901 International Academy Assistant Principal $100,752 $101,967 $103,181 $104,375 $105,569 $106,636 $107,703 $108,616 $109,528 $110,706 $113,555 Middle School Associate Principal $98,720 $99,906 $101,091 $102,256 $103,420 $104,460 $105,501 $106,389 $107,278 $108,425 $111,210 Supervisor of Wing Lake Center $107,072 $108,409 $109,746 $111,144 $112,542 $113,590 $114,637 $115,395 $116,154 $117,883 $121,401 Supervisor of Deaf/Hard of Hearing $95,840 $96,873 $97,907 $98,596 $99,286 $100,319 $101,352 $102,386 $103,420 $104,454 $107,064 IBO Coordinator/Supervisor $90,883 $91,862 $92,841 $93,495 $94,149 $95,128 $96,108 $97,088 $98,068 $99,047 $101,522 Farm Manager $62,550 $63,587 $64,624 $66,014 $67,403 $68,791 $70,179 $71,564 $72,948 $74,619 $77,426 Nature Center Manager $62,550 $63,587 $64,624 $66,014 $67,403 $68,791 $70,179 $71,564 $72,948 $74,619 $77,426 2013-2014 - Full Step and 1% on top step only 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 High School Principal $119,262 $120,675 $122,087 $123,513 $124,940 $126,073 $127,206 $128,067 $128,928 $130,258 $134,892 International Academy Principal $119,262 $120,675 $122,087 $123,513 $124,940 $126,073 $127,206 $128,067 $128,928 $130,258 $134,892 Middle School Principal $107,529 $108,679 $109,829 $111,511 $113,193 $114,422 $115,652 $116,736 $117,820 $119,845 $124,929 Alt HS/Model ...
Retirement Life. If the Assistant Superintendent retires from the school district within the provisions of the Michigan Public School Employees Retirement System (MPSERS), the Board will pay the premium to provide group term life insurance, until the Assistant Superintendent reaches the age of 70 years, in the following amounts:
