RETIREMENT SALARY INCREASE Sample Clauses

RETIREMENT SALARY INCREASE. A teacher who is eligible to receive a Teachers’ Retirement System annuity will receive a four-year maximum salary increase from the Board of Education. To be eligible for this salary increase, the teacher must submit to the Superintendent an irrevocable written letter of retirement by July 1st. This salary increase shall be in an amount such that the increase will be 6%, but not over 6% of the teacher’s total creditable earnings, higher than the teacher’s current year’s salary as set forth within “Category C” on page 20 hereof, and shall be in lieu of any increase to Category A or B. Teachers who received a 5% salary increase in both 2017 and 2018 will be eligible for a 3.5% salary increase and must submit to the Superintendent an irrevocable written letter of retirement by July1st.
Sample 1
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RETIREMENT SALARY INCREASE. 1. Any licensed staff member meeting the eligibility requirements and who have provided proper notice as described above for participation in the District’s Retirement Incentive will be compensated as follows:
Sample 1
RETIREMENT SALARY INCREASE. A teacher who is eligible to receive a Teachers’ Retirement System annuity and who does not utilize the TRS Early Retirement Option (ERO) will receive a four-year maximum salary increase from the Board of Education. To be eligible for this salary increase, the teacher must submit to the Superintendent an irrevocable written letter of retirement by July 1st. This letter must include a statement that the teacher will not elect the TRS ERO. This salary increase shall be in an amount such that the increase will be 6%, but not over 6% of the teacher’s total creditable earnings, over the teacher’s current year’s salary from the regular salary compensation schedule.
Sample 1
RETIREMENT SALARY INCREASE. A full-time educational support personnel Employee who participates in IMRF and meets the eligibility requirements set forth in Subparagraph A of this Section shall receive a Retirement/Salary Increase as set forth in either Subparagraph B.1, B.2 or B.3 below.
Sample 1

Related to RETIREMENT SALARY INCREASE

  • Salary Increase 46.01 Effective July 1, 2020 an increase equal to 1% will be added to the job rates and to the salaries of all employees. Effective July 1, 2021 an increase equal to 1% will be added to the job rates and to the salaries of all employees. Effective July 1, 2022 an increase equal to 1% will be added to the job rates and to the salaries of all employees.

  • Salary Increases During the period of employment as provided in Paragraph 1(b) hereof, the base salary of the Executive shall be reviewed no less frequently than annually by the Board or the Compensation Committee of the Board to determine whether or not the same should be increased in light of the duties and responsibilities of the Executive and the performance thereof, and if it is determined that an increase is merited, such increase shall be promptly put into effect and the base salary of the Executive as so increased shall constitute the base salary of the Executive for purposes of Paragraph 3(a).

  • General Salary Increase 1. Effective with the start of the pay week commencing closest to September 1, 2013, employees shall be provided an across-the-board salary increase of one percent (1%). Salary schedules shall be increased accordingly.

  • Salary Increments The Employer, may grant an increment for meritorious service after an employee has served for a period of twelve (12) months following the first day of the month established in Article 35.07 or twelve (12) months following the date of a change in his rate of compensation as established in Articles 35.04, 35.05, or 35.06.

  • Submission of Salary Increases Recommendations for salary increases must be made to be effective on the first day of the month and must be submitted prior to the proposed effective date. However, retroactive six (6) month and annual salary increases to correct errors or oversights and retroactive payments resulting from grievance settlements shall be authorized. The proposed effective date for retroactive six (6) month and annual salary increases must be the first day of the month no more than twelve (12) months prior to the time of submitting the correcting recommendation.

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.

  • Employee Compensation Upon Separation An Employee, upon her separation from employment, shall be compensated for vacation leave to which she is entitled.

  • SALARY STEP INCREASES a. Increases to steps above the entry step shall be based on performance and length of service. The employee must have earned the equivalent of at least twenty-six

  • Deferred Salary Leave Plan 1. The Board shall administer a Deferred Salary Leave Plan as determined by a separate agreement.

  • Supplemental Compensation Pursuant to Section 7 of the Agreement, Supplemental Compensation will be paid as follows:

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