Summer Checks. Summer checks, other than for summer school teachers, shall be mailed to the address designated by the employees in a written authorization.
Summer Checks. Employees will be given the option to take their summer paychecks in a lump sum. Teachers wishing to do this must inform the district by April 1st. This written authorization shall remain in effect until revoked in writing by the member filing the authorization. So long as the authorization of such member remains in effect, the balance of the member’s contractual compensation shall be paid each school year.
Summer Checks. Summer checks other than for summer school licensed professionals shall be mailed to the address designated unless other arrangements are made by the licensed professional. All certified/licensed employees of the Cooperative will be enrolled in an Employer Paid Defined Contribution Retirement Plan. Certified/licensed employees who meet eligibility requirements and were employed with the Cooperative during the 2006-2007 school year that will retire prior to the 2022-2023 school year will have the opportunity to choose between the Employer Paid Defined Contribution Plan described in A. below or the Defined Benefit Retirement Plan in place during the 2006-2007 contract year with modifications as described in B. below (Phase Out Option). Any eligible employee choosing the Phase out Option must also participate in the Employer Paid Defined Contribution Plan. Certified/licensed employees who do not meet eligibility requirements for the Phase Out Option will automatically be enrolled in the Employer Paid Defined Contribution Retirement Plan described in A. below. Cooperative administration and Special Services NEA will provide information to certified/licensed employees to enable them to make an informed decision regarding the advantages/disadvantages of each retirement option. Eligible employees will elect the Defined Benefit Plan (Phase Out Option) or the Employer Paid Defined Contribution Plan by notifying the Cooperative director in writing no later than June 16, 2008. If no election is received from an eligible employee in writing by the director by 5:00 P.M. on June 16, 2008, the employee will be placed in the Employer Paid Defined Contribution Plan and will not be eligible for the Phase Out Option.
A. Employer and Employee Paid Contributions (Defined Contribution Plan)
1. A Retirement Plan Portfolio will be established for each certified/licensed employee of the Cooperative. This portfolio will contain up to two (2) accounts. An Employer Paid Account will be initiated for each certified/licensed employee. An Employee Paid Account will be initiated for each licensed professional at his/her request.
2. The Cooperative will contribute $1,000.00 per contract year into each full time certified/licensed employee’s Employer Paid Account. Contributions will be prorated for employees who work less than full time in a certified/licensed position and/or are employed for less than a full contract year.
3. Upon beginning his/her 6th continuous year as a certified/licen...
Summer Checks. June and July summer checks will be issued the last teacher workday and the August check no later than the second Thursday in June.
Summer Checks. Regular salary checks for June 30 and July 31 other than for summer school shall be mailed to the address designated by the employee or electronically deposited as per paragraph 5 of this Section D. Employees who have submitted a written letter of retirement shall have the option to receive their July and August paychecks in June, mailed to their designated address or deposited in a designated bank account.
Summer Checks. Summer checks will be electronically deposited at the employee’s designated financial institution.
Summer Checks. Teachers may receive July and August checks with the June check if written requests are made to the Board Secretary by June 1. Summer checks shall be mailed to the address designated by the employee.
Summer Checks. Paychecks issued during the summer months, excluding summer school paychecks, shall be mailed once the Business Office has received proper authorization. Paychecks will then be mailed to the address designated by the employee. If proper authorization has not been submitted to the Business Office, an employee’s paycheck will then be held in safekeeping until the employee is able to pick up his/her paycheck.
Summer Checks. Bargaining unit members have the option to receive their paychecks in ten (10) or twelve
Summer Checks. Summer checks shall be direct deposited or mailed to a specific address as designated by the employee. The checks shall be deposited on the 20th (payday) unless that day falls on a Saturday or Sunday in which case the checks will deposited on the previous Friday.
