Common use of Retirement Service Credit Clause in Contracts

Retirement Service Credit. 14.9.1 Due to the reduced salary, recipients of a one-year (or two semester) sabbatical leave will not receive a full year of STRS/PERS retirement service credit for the academic year(s) in which the sabbatical is taken. Sabbatical recipients may purchase the “lost” service credit after completion of the sabbatical leave by paying the required contribution to the retirement system. The district will pay the employer portion of the required contribution, subject to the following: 14.9.1.1 Within six (6) months of completion of the sabbatical leave, the Unit Member must notify the District Office of Human Resources in writing of the Unit Member’s intent to purchase the service credit to the appropriate retirement system. 14.9.1.2 An invoice from the appropriate retirement system must be submitted to the District Office of Human Resources not later than June 30 of the academic year following the academic year in which the sabbatical was completed. 14.9.1.3 If the above requirements are not met, the entire cost of purchasing the service credit must be borne by the Unit Member.

Appears in 6 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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