Retirement Notification Benefit. If a teacher plans to retire, they must notify the Superintendent in writing of their retirement plan on or before May 1st of the present year of employment to qualify for a one time deposit of $500.00 in their 401(a) retirement account. Teachers that give retirement notification after May 1st will not receive this aforementioned benefit.
Appears in 5 contracts
Samples: Tentative Agreement, Tentative Teacher Agreement, Agreement
Retirement Notification Benefit. If a teacher plans to retire, they must notify and notifies the Superintendent in writing of their retirement:
a. On or before March 15th of the present year of employment will qualify for a one-time deposit of $750.00, in their 401(a) retirement plan account.
b. After March 15th but on or before May 1st of the present year of employment to will qualify for a one one-time deposit of $500.00 500.00, in their 401(a) retirement account. Teachers that give retirement notification after May 1st will not receive this aforementioned benefit.
Appears in 1 contract
Samples: Agreement
Retirement Notification Benefit. If a teacher plans to retire, they must notify the Superintendent in writing of their retirement plan on or before May 1st of the present year of employment to qualify for a one one-time deposit of $500.00 in their 401(a) retirement account. Teachers that give retirement notification after May 1st will not receive this aforementioned benefit.
Appears in 1 contract
Samples: Tentative Agreement
