Retirement Severance. (a) A teacher who has at least twenty (20) years of service in the bargaining unit and who retires under the Michigan Public School Employees' Retirement System shall receive upon retirement pay at the rate of $25.00 per day for all accumulated sick leave in excess of 60 days. (b) This benefit shall not be available for a teacher who retires under threat of discharge for just cause.
Appears in 5 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
