Retirement Stipend. A. For employees who began work as a bargaining unit member prior to July 1, 2015, the Board will offer a retirement stipend of Thirty Thousand Dollars ($30,000.00) to those Members who retire on or after July 1, 2001 but on or before June 30 of the contract year in which they first are eligible to retire. B. To be eligible for the retirement stipend the Member must meet each of the following qualifications: 1. The Member must submit a written resignation letter to the Superintendent no later than October 30 of the contract year during which the Member first becomes or will become eligible to retire stating his/her retirement date. 2. The Member must be eligible for and take a service or disability retirement pursuant to the provisions of the State Teachers Retirement System (STRS) during the first year of eligibility. 3. The Member shall have completed ten (10) consecutive years of service with Cuyahoga Valley Career Center at the time of retirement. 4. The Member must complete a salary questionnaire and all other applicable STRS forms and forward them to STRS and to the Board. 5. The Member must retire at a time other than during the school year unless on a disability retirement. 6. Any Member who withdraws his or her resignation shall be ineligible for the retirement stipend. C. The retirement stipend shall be paid the January following the Member's retirement provided proof of the Member's retirement is supplied.
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Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
