Common use of Retirement Notification Incentive Clause in Contracts

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. Employees who officially qualify for retirement under the Michigan Public Schools Employee Retirement System (MPSERSMSPERS) criteria, who complete the school year criteria and who notify the Board by March 1 of the school year in which they retire, shall receive a bonus an incentive payment of one thousand thousand, five hundred dollars ($15001,500) payable on the 21st pay periodupon retirement. Retirement shall be defined as final notification from the Office of Retirement Services.

Retirement Notification Incentive. Employees who officially qualify for retirement under the Michigan Public Schools Employee Retirement System (MPSERSMSPERS) criteria, who complete the school year criteria and who notify the Board by March 1 of the school year in which they retire, shall receive a bonus an incentive payment of one thousand thousand, five hundred dollars ($15001,500) payable on the 21st pay periodupon retirement. Retirement shall be defined as final notification from the Office of Retirement ServicesMPSERS fund.

Retirement Notification Incentive. Employees Effective for the 2019-2020 school year, employees who officially qualify for retirement under the Michigan Public Schools Employee Retirement System (MPSERS) criteria, who complete the school year criteria 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.