Common use of Retirement Program Procedures Clause in Contracts

Retirement Program Procedures. In order to be eligible to participate in this retirement program, an Employee must submit an irrevocable Letter of Intent to Retire to the Superintendent no later than January 1, 2027, setting forth a desired retirement date at the end of a School Year not later than June 30, 2030. This letter of intent to retire must be received by the Superintendent before January 1st of any fiscal year of this Agreement. An Employee who fails to meet the eligibility requirements above prior to the effective retirement date shall be required to reimburse the District for the value of all salary and benefits received under this retirement program that exceed what the Employee would have otherwise earned had he or she not participated in this retirement program. The administration, with input from the Employee, will develop a repayment plan of deductions from the Employee’s remaining paychecks. Submit letter no later than Retire at the end of the School Year, no later January 1, 2024 June 30, 2027 January 1, 2025 June 30, 2028 January 1, 2026 June 30, 2029 January 1, 2027 June 30, 2030

Retirement Program Procedures. In order to be eligible to participate in this retirement program, an Employee must submit an irrevocable Letter letter of Intent intent to Retire retire to the Superintendent no later than January 1, 2027Superintendent, setting forth a desired retirement date at the end of a School Year not later than June 30, 20302023. This letter of intent to retire must be received by the Superintendent before January 1st of any fiscal year of this Agreement. An Employee who fails to meet the eligibility requirements above prior to the effective retirement date shall be required to reimburse the District for the value of all salary and benefits received under this retirement program that exceed what the Employee would have otherwise earned had he or she not participated in this retirement program. The administration, with input from the Employee, will develop a repayment plan of deductions from the Employee’s remaining paychecks. Retirement Notice Dates Submit letter no later than Retire at the end of the School Year, no later than January 1, 2024 2017 June 30, 2027 2020 January 1, 2025 2018 June 30, 2028 2021 January 1, 2026 2019 June 30, 2029 2022 January 1, 2027 2020 June 30, 20302023

Retirement Program Procedures. In order to be eligible to participate in this retirement program, an Employee must submit an irrevocable Letter letter of Intent intent to Retire retire to the Superintendent no later than January 1, 2027Superintendent, setting forth a desired retirement date at the end of a School Year not later than June 30, 20302025. This letter of intent to retire must be received by the Superintendent before January 1st of any fiscal year of this Agreement. An Employee who fails to meet the eligibility requirements above prior to the effective retirement date shall be required to reimburse the District for the value of all salary and benefits received under this retirement program that exceed what the Employee would have otherwise earned had he or she not participated in this retirement program. The administration, with input from the Employee, will develop a repayment plan of deductions from the Employee’s remaining paychecks. Retirement Notice Dates Submit letter no later than Retire at the end of the School Year, no later than April 1, 2021 June 30, 2024 January 1, 2024 2022 June 30, 2027 January 1, 2025 June 30, 2028 January 1, 2026 June 30, 2029 January 1, 2027 June 30, 20302025