RETIREMENT/ SEPARATION FROM SERVICE. The SBA/BS shall also receive the following, as part of her retirement from employment with the district:
RETIREMENT/ SEPARATION FROM SERVICE
RETIREMENT/ SEPARATION FROM SERVICE Sample Clauses
Related to RETIREMENT/ SEPARATION FROM SERVICE
Retirement Severance (a) Upon qualification for benefits in accordance with the rules and regulations of the Michigan Public School Employees Retirement System the retiring bus driver shall be paid for all unused sick leave days at a rate that is 50% of the current rate based on the current bid route time. The retiree after 10 or more consecutive years of service will receive 75% of the above amount. Bus monitors who meet the MPSERS qualification shall be paid for all unused equivalent sick leave days at a rate of $15 per day. This will not apply to discharged employees.
Termination of Employment Executive's employment hereunder may be terminated under the following circumstances:
