Common use of Retirement Notice Incentive Clause in Contracts

Retirement Notice Incentive. The following incentive is granted to unit members for providing a timely advance written notice of their retirement date to her/his supervisor, and for providing assistance in the work transition during their final period of service as delineated below. 7.4.1 Unit members who have reached the age of fifty-five (55) and retire from the District and STRS or PERS with at least fifteen (15) years of classified service credit with the District, and who give the District ninety (90) days’ notice of intent to retire, shall receive an additional cash payment equivalent to three (3) months of the unit member’s salary schedule monthly base pay.

Retirement Notice Incentive. The following incentive is granted to unit members for providing a timely advance written notice of their retirement date to her/his their supervisor, and for providing assistance in the work transition during their final period of service as delineated below. 7.4.1 Unit members who have reached the age of fifty-five (55) and retire from the District and STRS or PERS with at least fifteen (15) years of classified service credit with the District, and who give the District ninety (90) days’ notice of intent to retire, shall receive an additional cash payment equivalent to three (3) months of the unit member’s salary schedule monthly base pay.