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

  • SALARY AND COMPENSATION ARTICLE 56

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  • Deferred Retirement a. An employee who, upon separation from County service, is eligible for paid retirement and elects deferred retirement must defer participation in the Grant until such time as he or she becomes an active retiree.

  • Employee Compensation The wages, salaries and other compensation paid to employees who will be employed for the benefit of the Project, and to others who perform special services for the benefit of the Project, to the extent not otherwise paid through a Cash Management System, shall be paid by Owner from a Project Account pursuant to this Section 9.2.

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