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 $1500. 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.

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 $15001000. 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.