Retirement Salary And Related Remuneration Sample Clauses

Retirement Salary And Related Remuneration. For a qualifying teacher who declares his/her intention to retire by June 30th to take effect in the next school year, the teacher’s base salary, in the school year immediately prior to the effective date of his/her retirement, shall be six percent (6 %) higher than his/her base salary in the previous year. This salary provision for a retiring teacher shall supercede the salary otherwise provided the teacher on the Compensation Schedule set forth in Section A1 of Article XVII. This provision is not intended to deprive the retiring teacher of any added compensation otherwise due him/her by virtue of the teacher performing academic instruction extra duty. However, in no case will teacher’s TRS creditable earnings increase exceed six percent (6%) of the previous year’s TRS creditable earnings
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Related to Retirement Salary And Related Remuneration

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