Common use of Sick Day Buy Back Clause in Contracts

Sick Day Buy Back. In order to be eligible to receive sick leave buy back upon retirement, the member cannot retire anytime other than the end of the school year. Depending on when the employee notifies the District of his/her intent to retire, he/she may receive this benefit in the June of their final year, or by June of the year following retirement. Educators must have accumulated a minimum of fifteen (15) years of service in the Auburn Public Schools and retire prior to age sixty-five (65). □ Early Separation Incentive – (Effective in the last school year prior to retirement with notification in the previous school year) Members choosing to end employment in the Auburn School System and eligible to receive less than eighty (80%) percent and more than sixty (60%) according to the Teacher Retirement Option A Table, shall receive twelve (12%) of the last year’s base salary. The number of qualified members receiving this early separation in any one school shall be a maximum of four (4). Signed, Employee Signature Employee Name (please print) Date Superintendent’s Signature Date (A copy of this signed document will be returned to the teacher for his/her file.) ***************************************************************************************************************************** FOR OFFICE USE ONLY Start date: Years of Service: DOB:

Sick Day Buy Back. In order to be eligible to receive sick leave buy back upon retirement, the member cannot retire anytime other than the end of the school year. Depending on when the employee notifies the District of his/her intent to retire, he/she may receive this benefit in the June of their final year, or by June of the year following retirement. Educators must have accumulated a minimum of fifteen (15) years of service in the Auburn Public Schools and retire prior to age sixty-five (65). □ Early Separation Incentive – (Effective in the last school year prior to retirement with notification in the previous school year) Members choosing to end employment in the Auburn School System and eligible to receive less than eighty (80%) percent and more than sixty (60%) according to the Teacher Retirement Option A Table, shall receive twelve (12%) of the last year’s base salary. The number of qualified members receiving this early separation in any one school shall be a maximum of four (4). Signed, Employee Signature Employee Name (please print) Date _ Superintendent’s Signature Date (A copy of this signed document will be returned to the teacher for his/her file.) ***************************************************************************************************************************** FOR OFFICE USE ONLY Start date: Years of Service: DOB:

Sick Day Buy Back. In order to be eligible to receive sick leave buy back upon retirement, the member cannot retire anytime other than the end of the school year. Depending on when the employee notifies the District of his/her intent to retire, he/she may receive this benefit in the June of their final year, or by June of the year following retirement. Educators must have accumulated a minimum of fifteen (15) years of service in the Auburn Public Schools and retire prior to age sixty-five (65). □ Early Separation Incentive – (Effective in the last school year prior to retirement with notification in the previous school year) Members choosing to end employment in the Auburn School System and eligible to receive less than eighty eight (80%) percent and more than sixty (60%) according to the Teacher Retirement Option A Table, shall receive twelve (12%) of the last year’s base salary. The number of qualified members receiving this early separation in any one school shall be a maximum of four (4). Signed, Employee Signature Employee Name (please print) Date Superintendent’s Signature Date (A copy of this signed document will be returned to the teacher for his/her file.) ***************************************************************************************************************************** FOR OFFICE USE ONLY Start date: Years of Service: DOB: