Retirement Notification Incentive. Employees who qualify for retirement under the ORS criteria and who notify the human resource office by March 1 of the school year in which they retire, shall receive an incentive payment of five hundred dollars ($500) upon retirement. Retirement shall be defined as final notification from ORS (actual/deferred).
Retirement Notification Incentive. Certified Staff who give written retirement notification to the District by January 31 and approved by the Board of Trustees no later than the first Board meeting in February, will receive a $500 stipend to be paid by the March payroll and will also receive one personal day to be used before the end of the school year. This day may not be cashed out.
Retirement Notification Incentive. Employees who officially qualify for retirement under the Michigan Public Schools Employee Retirement System (MPSERS) criteria, who complete the school year and who notify the Board by March 1 of the school year in which they retire, shall receive a bonus payment of one thousand five hundred dollars ($1500) payable on the 21st pay period. Retirement shall be defined as notification from the Office of Retirement Services.
Retirement Notification Incentive. A monetary incentive of $500 will occur if retirement notification is submitted to the board clerk, in writing, by noon on December 31st to be remunerated in June with unused chargeable leave.
Retirement Notification Incentive. The Board and the W.E.A. are concerned with filling open positions with the best qualified applicants. To that end, a retirement notification incentive will facilitate the Board’s ability to plan for the upcoming school year. Said incentive will be Five Thousand Dollars ($5,000.00) for up to twelve (12) employees, if the Superintendent is notified, in writing, by April 30th of the retirement year. If said notification is given to the Superintendent by February 28th of the retirement year, an additional bonus of Three Thousand Dollars ($3,000.00) will be paid. Each full-time member of the bargaining unit who retires (other than as disability retirement) at the end of any school year during the term of this Contract, subject to the provisions of this Article IX, Section 7, shall receive a lump-sum cash payment. (See Amendment that was agreed upon by both parties.)
Retirement Notification Incentive. A teacher requesting release from contract by January 15 of the current school year, for the purpose of retirement from the district and from KPERS for the ensuing school year, shall receive a $1,000 retirement payment with their June payment. A teacher requesting release from contract by November 15 of the current school year, for the purpose of retirement from the district and from KPERS for the ensuing school year, shall receive a $1,500 retirement payment with their June payment. Request for release from contract shall be made in writing. Ratified:12/08/08 Amended: 6/08/09 Amended 8/13/18 Amended 8/12/19 *The following items four (4) items shall be listed in the negotiated agreement until the district no longer employs the employees grandfathering into the previous agreement. **This wording does not apply to employees not qualifying for the grandfather clause of the new agreement reached during the negotiations of July 2018.
Retirement Notification Incentive. Certificated employees who indicate by January 1 their intent to retire at the end of the school year in which they are eligible (as defined by the Washington Department of Retirement Systems) shall be compensated in the amount of $400 for transition activities.
Retirement Notification Incentive. Retiring Association members who have worked for the Clio Area Schools for a minimum of fifteen (15) years will qualify for a "Retirement Notification Incentive" of $50 for each year of service with the district if they notify the Board in writing with their official retirement letter prior to March 1st. This payment will be made in a separate check in the last payroll in June.
Retirement Notification Incentive. An employee who, by not later than the Board's organizational meeting in January, gives written notice to the Treasurer that he/she will retire under S.T.R.S. effective at the end of that school year, and who does in fact retire at the end of the year, will receive a lump-sum payment of $500 (subject to applicable payroll withholdings), payable by the last regularly scheduled pay day in June.
Retirement Notification Incentive. Teachers that have a minimum of 10 years at South Xxxxx whose age and years of experience at South Xxxxx total 65 or greater, and who give the School Corporation notice of their intent to retire on or before March 1st of the year they plan to retire, will be paid up to twenty-five (25) days of their accumulated sick days at the current licensed substitute teacher rate. Eligible teachers will be paid upon the completion of the retirement process.
