Retirement Severance Benefit. An individual who is employed as a bargaining unit member at the time of retirement or severance from employment will be eligible for the following severance benefits provided the teacher has otherwise satisfied the requirements and conditions described below.
Retirement Severance Benefit. A. Accumulated Sick Leave
1. As of January 31, 2006, any days over 184 which have been accumulated by an individual teacher shall be deposited into a personal sick leave bank for that teacher. These days may be used while actively employed, if needed, after all allowable accumulated sick leave has been exhausted. These days must be used prior to receiving days from the M-GT A Sick Leave Bank. These personal sick leave bank days will be purchased as part of the last year’s employment buydown from the general fund. This last sentence is included for informational purposes only and was not bargained.
2. In the last year of employment, the Board will buy any accumulation of days between one (1) and one hundred thirty-six (136) at the rate of thirty-five dollars ($35.00) per day. Of this amount, as provided in the first sentence, it will be paid directly as compensation up to the ISTRF maximum for inclusion of the severance benefits as salary. If there is any excess in the calculated amount beyond the maximum, then the excess amount shall be deposited into the retiring teacher’s 401(a) account. The corporation shall make payment to the vendor by August 1st and will notify the teacher if days have been added and instruct teacher how to set up account if they have no 401(a) account at that time. (This language was not bargained, but is for informational purposes only.)
3. To be eligible for the accumulated sick leave benefit described herein, the teacher must give notice of retirement by February 1 of the teacher’s last year of employment with the School Corporation. The Superintendent is permitted to waive the February 1 deadline in his sole discretion if exceptional circumstances exist justifying a waiver.
4. To be eligible for the accumulated sick leave benefit described herein, a teacher must either: (a) have 10 years of teaching experience working for the Xxxxxx-Xxxxx School District and be at least age 55 at the time retirement from the School District; or (b) have 25 years of teaching experience working for the Xxxxxx-Xxxxx School District and be at least age 50 at the time of retirement from the School District.
B. 401 (a) /403(b) Matching Annuity Plan. Each teacher shall be eligible for the Section 401 (a)/403(b) Matching Annuity Benefit describes in this section.
1. All teachers shall have the option of investing in the 401 (a) /403(b) plan up to the maximum allowable under Federal Law. The Board will match such teacher contributions on a dollar for dol...
Retirement Severance Benefit. An individual who was employed prior to June 30, 2004 and is a bargaining unit member at the time of retirement will be eligible for the following retirement benefits provided the teacher has otherwise satisfied the requirements and conditions described below.
Retirement Severance Benefit. An individual who is employed as a bargaining unit member at the time of retirement or severance from employment will be eligible for the following severance benefits provided the teacher has otherwise satisfied the requirements and conditions described below.
1. Group Health Insurance - Immediately following severance, the teacher and his/her spouse, if any, shall have the option of remaining in the Corporation’s current group health insurance plan if all of the following conditions are met as of the date of severance thereafter:
a. While the retired teacher and spouse, if any, remain enrolled in the health insurance plan, the retired teacher and spouse shall pay the entire insurance premium prior to the due date each month, or, at the teacher’s option, on an annual basis prior to the start of each school year. Payment must be made to the school corporation’s business office.
b. When a retired teacher first becomes eligible for Medicare, the teacher’s eligibility to continue to participate in the Corporation’s group health insurance plan shall terminate, if not earlier terminated according to applicable law. (The same termination of eligibility shall also apply when a retired teacher’s spouse first becomes eligible for Medicare.) It is acknowledged that the parties intend these provisions to comply with applicable federal and state laws that establish an eligible teacher’s right to continue health insurance for the teacher and spouse, including if otherwise applicable, Indiana Code 5-10-8-2.
6. Therefore, this right to extended coverage shall not override any rights to continuing health care coverage as required by COBRA.
Retirement Severance Benefit. 22 Section 16.01 Early Retirement Incentive Program (“ERIP ”). 22 Section 16.02 ERIP Eligibility 22 ARTICLE XVII. GENERAL PROVISIONS 22 Section 17.01 Employee Evaluation 22 Section 17.03 Severability 23 Section 17.04 Professionalism 23 Section 17.05 Sick Leave Account 23 Section 17.06 Just Cause 23 Section 17.07 PSEAHouse of Delegates Attendance. 23 Section 17.08 Representation 23 Section 17.09 Curtailment of Supplies 23 Section 17.10 Hiring. 23 Section 17.11 Examination of Personnel File 24 Section 17.12 Job Openings, Notice and Posting 24 Section 17.13 Furnishing of Phones 24 Section 17.14 Workers Compensation 24 Section 17.15 Additional Certification 24 ARTICLE XVIII. TRANSFER 24 Section 18.01 Transfers. 24 Section 18.02 Transfers, Limitations. 24 Section 18.03 Requesting Transfers. 24 Section 18.04 Transfer Grievances 25 ARTICLE XIX. CHILDBEARING AND CHILDREARING 25 Section 19.01 Childbearing Leave. 25 Section 19.02 Childrearing Leave. 25 Section 19.03 Replacement. 25 Section 19.04 Hospitalization, Medical Service Plan, Life and Dental Plan 26 Section 19.05 Non-accrual of Time. 26 Section 19.06 Use of Sick Leave. 26 Section 19.07 Examination. 26 ARTICLE XX. STATE MANDATED X-RAYS AND PHYSICALS 26 ARTICLE XXI. TRAVEL AND RELATED EXPENSES 26 Section 21.01 Home Base 26 Section 21.02 Mileage Reimbursement 27 Section 21.03 Expenses 28 Section 21.04 Expense Vouchers 28 Section 21.05 Billing 28 Section 21.06 R e i m b u r s e m e n t o f L i c e n s e F e e s 28 ARTICLE XXII. SICK LEAVE 28 Section 22.01 Additional Sick Leave. 28 Section 22.02 Legal Entitlement. 28 Section 22.03 Family Sick Leave 28 ARTICLE XXIII. SENIORITY 28 Section 23.01 Establishment of Seniority Date. 28 Section 23.02 Seniority Lists 29 Section 23.03 Continuous Service. 29 Section 23.04 School Year as a Basis. 29 Section 23.05 Loss of Seniority 29 Section 23.06 Accrual of Seniority, 29 Section 23.07 Recalled Employees 29 Section 23.08 Equal Seniority. 30 Section 23.09 Rehire of Furloughed Employees. 30
Retirement Severance Benefit. An individual who is employed as a bargaining unit member at the time of retirement or severance from employment will be eligible for the following severance benefits provided the teacher has otherwise satisfied the requirements and conditions described below.
1. Group Health Insurance- Immediately following severance, the teacher and his/her spouse, if any, shall have the option of remaining in the Corporation’s current group health insurance plan if all of the following conditions are met as of the date of severance thereafter:
a. While the retired teacher and spouse, if any, remain enrolled in the health insurance plan, the retired teacher and spouse shall pay the entire insurance premium prior to the due date each month, or, at the teacher’s option, on an annual basis prior to the start of each school year. Payment must be made to the school corporation’s business office.
b. When a retired teacher first becomes eligible for Medicare, the teacher’s eligibility to
Retirement Severance Benefit a. Upon the retirement or death of an employee who has worked twelve (12) or more consecutive years for the collaborative, the employee shall receive a lump sum severance benefit according to the following: Effective July 1, 2011 - thirty-five percent (35%) Effective July 1, 2012 - thirty-eight percent (38%) Of the employee’s daily rate multiplied by the total sick leave accumulation upon the day of retirement or death.
b. Payment shall be at the employee’s latest established daily rate up to a maximum payment as follows: Effective July 1, 2011 - $5,000 Effective July 1, 2012 - $5,500 In no event shall the aforementioned benefit exceed this figure.
c. The Maximum accumulated sick leave accrual of this benefit to apply to retirement, layoff, or death shall be one hundred sixty (160) days. In the event of the death of an employee such monies shall be paid to his/her estate.
Retirement Severance Benefit. (Prior to 2004 hire date) An individual who is employed as a bargaining unit member at the time of retirement or severance from employment will be eligible for the following severance benefits provided the teacher has otherwise satisfied the requirements and conditions described below. Group Health Insurance Immediately following severance, the teacher and his/her spouse, if any, shall have the option of remaining in the Corporation’s current group health insurance plan if all of the following conditions are met as of the date of severance and thereafter: While the retired teacher and spouse, if any, remain enrolled in the health insurance plan, the retired teacher and spouse shall pay the entire insurance premium applicable to the insurance coverage, with the premium payment to be made monthly for each succeeding year. Within ninety (90) days of the severance date, the teacher has provided a written request to the School Corporation for continuing insurance coverage for the teacher and spouse, if any.
Retirement Severance Benefit. Section 16.01 Employees, upon permanent retirement from the field of public education,
Retirement Severance Benefit. An individual who is employed as a bargaining unit member prior to December 31, 2003, will be eligible for the following severance benefits provided the teacher has otherwise satisfied the requirements and conditions described below:
