Retirement Schedule. A retirement schedule, which shows the accumulated totals for all teachers who may opt for early retirement under this plan, is maintained in the Superintendent's Office. A teacher may review this schedule by making the proper request.
Retirement Schedule. Teachers with twelve (12) years or more service in the Orangeville School District at the time of retirement will qualify for a retirement incentive provided the school district will not incur a penalty through TRS. Upon presenting an irrevocable notice of retirement a certified employee will receive the TRS allowable percentage increase (6% as of 2016-2017) for a maximum of four years. The TRS reportable wages during the notice year will serve as the base for the 6% raise and each ensuing year shall be increased by the maximum allowable percentage over the previous year. The notice year is identified as July 1 through June 30 of the year before the increase is to begin. If less than a four year notice is given, the teacher will receive one percent less than the maximum TRS allowable increase during the next year and each ensuing year until retirement. For teachers hired before January 1, 1999, BS + 40 shall be equivalent to MS of the salary schedule, plus all hours over 18 must be in the respective teaching area. Hours earned are to be effective from the beginning of the school year following completion of the course work. Teachers hired after January 1, 1999 shall only move beyond BS + 18 if they complete a Master’s Degree. This paragraph will expire when all applicable employees have ceased employment with the district.
Retirement Schedule. 1. A teacher shall receive $125 per year for each year of employment with the Penn Manor School District plus $50 per day for each unused sick and/or personal day.
Retirement Schedule. Effective as of January 1, 2001, Xxxxxx shall retire as Chief Executive Officer of Pentair, and effective as of May 1, 2001, Xxxxxx shall retire as a full-time employee of Pentair and from such other positions or offices as he may hold with Pentair or with any other company which is a member of the controlled group of companies which includes Pentair (collectively, the "Group") as shown on the attached Exhibit X. Xxxxxx shall continue to serve as Chairman of the Board of Directors of Pentair (the "Board") until the date of the 2002 Pentair annual shareholders meeting, at which time he shall retire as a Board member and cease to serve as Chairman of the Board. Xxxxxx, together with the Chief Executive Officer of Pentair and the Chairman of the Compensation Committee of the Board shall develop a description of the duties and responsibilities to be assumed by Xxxxxx as Chairman of the Board.
