Common use of Retirement Notice Clause in Contracts

Retirement Notice. Employees who are eligible to retire in accordance with the Michigan Public School Employees Retirement and submit a letter of intent to retire at the end of the school year shall receive a retirement incentive of $1000. Letters of intent to retire must be received in the Superintendent’s Office by 4:00 pm on March 1. The one-time lump sum payment will be paid on the 1st pay in June.

Appears in 3 contracts

Samples: Master Agreement, Master Agreement, Master Agreement

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Retirement Notice. Employees who are eligible to retire in accordance with the Michigan Public School Employees Retirement and submit a letter of intent to retire at the end of the school year shall receive a retirement incentive of $10001500. Letters of intent to retire must be received in the Superintendent’s Office by 4:00 pm on March 1. The one-time lump sum payment will be paid on the 1st pay in June.

Appears in 3 contracts

Samples: Master Agreement, Master Agreement, Master Agreement

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