Common use of Retirement Notice Stipend Clause in Contracts

Retirement Notice Stipend. A one thousand dollar gross payment will be issued to retiring teachers under the following conditions all in the same calendar year: A. Notification of intent to retire will be received by Human Resources on or before January 10 with an effective date of June 30. B. Board action will occur by March 31. C. Payment will be made by May 31.

Retirement Notice Stipend. A one thousand five hundred dollar gross payment will be issued to retiring teachers under the following conditions all in the same calendar year: A. Notification of intent to retire will be received by Human Resources on or before January 10 April 1 with an effective date of June 30. B. Board action will occur by March 31. April 30. C. Payment will be made by May 31.