Retirement Stipend. A unit member who has completed at least 10 consecutive years of licensed, active service with the North Clackamas School District, immediately prior to separation from the district, and who is eligible to retire under the guidelines established by PERS, shall receive a one-time contribution through the district’s HRA program for a personal Health Reimbursement Account (HRA) as outlined in the table below. An individual is only eligible to receive this benefit once. It is recommended that a member meet with a Human Resources administrator prior to the effective date of retirement to discuss the distribution of the retirement packages in accordance with the options and conditions presented below. It is understood that periods of approved OFLA/FMLA leave are deemed active service. Additional forms of approved leave, while not considered a break in consecutive service, will not count towards eligibility in determining years of service. Years of Consecutive, Licensed Active Service HRA Contribution 15-19 $22,500 20+ $30,000 Contributions to a unit member’s retirement HRA will be made in the first month following the effective retirement date. It is the unit member’s responsibility to determine PERS eligibility and provide verification to the district.
Appears in 5 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Preamble
