Retirement Notification Stipend. Professional Staff Members retiring from the Beavercreek City schools will be eligible for an early notification stipend of $500.00. The Professional Staff Member will be eligible for this stipend when he/she:
Retirement Notification Stipend. Section 1 If, on or before the one year date prior to the employee’s retirement, the employee submits his/her resignation letter (for purposes of retirement) to the Superintendent, the employee will receive a stipend in the amount of 5% of his/her last annual gross salary up to a maximum of $1,000. The amount of the stipend will be spread evenly across all remaining pay periods following board approval of the employee’s retirement letter. If any member leaves before completing the work year, the employee must repay the amount of any stipend received.
Retirement Notification Stipend. If a paraprofessional has completed ten (10) or more years of service in the Midland Public Schools system, and notifies (in writing) the Director of Human Resources on or before March 1 of the year they intend to retire that they will retire, and completes the school year, they will be entitled to the following stipend:
Retirement Notification Stipend. If a paraprofessional has completed ten (10) or more years of service in the Midland Public Schools system, and notifies (in writing) the Director of Human Resources on or before March 1 of the year they intend to retire that they will retire, and completes the school year, they will be entitled to the following stipend: Paraprofessionals at Step 7 (Category I and II) and have 10 years of service in 2017- 2018 will receive $100 per year of service, if notified before March 1 deadline. If a paraprofessional does not meet the notification requirements as listed, the paraprofessional will be paid $50.00 for each year of service in the district, up to a maximum of $1000.00 upon retirement as outlined under the retirement provisions of the State Retirement Act. Paraprofessionals at Step 7 and below and less than 10 years of service in 2017-2018 will received $50 per year of service, if notification before March 1 deadline. If a paraprofessional does not meet the notification requirements as listed, the paraprofessional will be paid $25.00 for each year of service in the district, up to a maximum of $1000.00 upon retirement as outlined under the retirement provisions of the State Retirement Act. To be eligible for this benefit, a paraprofessional must have worked for the Midland Public Schools at least 10 years and retire by June 30. The number of years of service with M.P.S. will be calculated in the same way as the M.P.S.E.R.S. calculates years of service. Paraprofessionals must notify the Director of Human Resources on or before March 1, and finish the school year to receive the stipend. If the Director of Human Resources receives notice before March 1, the paraprofessional must give at least a 60-day notice to be eligible for the stipend.
Retirement Notification Stipend. Upon submission to the District of a signed letter of retirement (effective at the end of the school year) on or before February 1, retiring employees shall be given a one-time stipend of $500.
Retirement Notification Stipend. Professional Staff Members retiring from the Beavercreek City schools will be eligible for an early notification stipend of $500.00. The Professional Staff Member will be eligible for this stipend when he/she: establishes his/her retirement date with the State Teachers' Retirement System (STRS); is eligible to collect from STRS on that established date; submits a letter of resignation for the purpose of retirement to the Beavercreek Board of Education's Personnel Office no later than February 1, for a retirement date at the end of the current school year. The notification stipend will be paid in the first month the Professional Staff Member is retired.
Retirement Notification Stipend. Unit members who submit to the District Human Resources Office an irrevocable resignation for purposes of retirement with an effective date of no later than the end of the then current school year shall receive a $1,500 Retirement Notification Stipend from the District. The irrevocable resignation for purposes of retirement must be received by the District Human Resources Office no later than the close of business on February 1st (or the preceding Friday if February 1st falls on a Saturday or Sunday). Any bargaining unit members participating in the collective bargaining agreement Pre- Retirement program as provided in Section 14.1 or the Early Retirement program as provided in Section 14.2 shall not be eligible for the Retirement Notification Stipend.
Retirement Notification Stipend. Employees who submit a signed letter of resignation for the purpose of retirement on or before March 15 of the current school year shall be given $500.00 additional severance pay. To be eligible for this benefit the employee must complete the adopted school calendar plus other additional and supplemental duties under contract. Employees must have served their last five (5) years in the service of the Woodmore Local Schools to qualify for severance pay. Employees who are currently employed by the Board who are at Step 24 and above, as of July 1, 2018, shall receive a supplemental retirement stipend upon retirement that is equal to the difference between $2,000.00 and the total amount of all longevity payments to the employee.
Retirement Notification Stipend. Each eligible ABSASP member shall receive an additional two thousand ($2,000) if he/she submits a letter of resignation for the purpose of retirement more than one hundred twenty (120) calendar days prior to the effective date of his/her retirement.
