Common use of Three Year Plan Clause in Contracts

Three Year Plan. If an eligible teacher gives the Board an irrevocable letter of retirement prior to August 1 three (3) years prior to the year of retirement, for the final three (3) years of employment, the teacher’s nonexempt TRS creditable earnings shall be increased by six percent (6%) or the maximum amount allowable without the Board incurring a TRS employer contribution, whichever is less, over the teacher’s nonexempt TRS creditable earnings for the prior years of employment respectively.

Three Year Plan. If an eligible teacher gives the Board an irrevocable letter of retirement prior to August 1 three (3) years prior to the year of retirement, for the final three (3) years of employment, the teacher’s nonexempt TRS creditable earnings shall be increased by six percent (6%) or the maximum amount allowable without the Board incurring a TRS employer contribution, whichever is less, over the teacher’s nonexempt TRS creditable earnings for the prior years of employment respectively.

Three Year Plan. If an eligible teacher gives the Board an irrevocable letter of retirement prior to August 1 May 1, three (3) years prior to the year of retirement, the teacher will not be covered by Section 14.1 of this Agreement and for the final three (3) years of employment, employment the teacher’s nonexempt non-exempt TRS creditable earnings shall be increased by six percent (6%) or the maximum amount allowable without the Board incurring a TRS employer contribution, whichever is less, over the teacher’s nonexempt teachers’ non-exempt TRS creditable earnings for the prior years of employment respectively.

Three Year Plan. If an eligible teacher Teacher gives the Board an irrevocable letter of retirement prior to August 1 three May 1st, two (32) years prior to the year of retirement, the Teacher will be removed from the salary schedule and for the final three current year the Teacher’s nonexempt TRS creditable earnings shall be adjusted to reflect a six percent (36%) years of employmentincrease over the Teacher’s nonexempt TRS creditable earnings for the prior year, and the teachersecond year and third year the Teacher’s nonexempt TRS creditable earnings shall be increased by six percent (6%) or the maximum amount allowable without the Board incurring a TRS employer contribution, whichever is less, each year over the teacherTeacher’s nonexempt TRS creditable earnings for each of the prior years of employment respectivelyemployment.

Three Year Plan. If an eligible teacher gives the Board an irrevocable letter of retirement prior to August March 1 three (3) years prior to the year of retirement, the teacher will be removed from the salary schedule and for the final three (3) years of employment, employment the teacher’s nonexempt TRS creditable earnings shall be increased by six three percent (63%) or the maximum amount allowable without the Board incurring a TRS employer contribution, whichever is less, over the teacher’s nonexempt TRS creditable earnings for the prior years of employment respectively.

Three Year Plan. If an eligible teacher Teacher gives the Board an irrevocable letter of retirement prior to August May 1 three (3) years prior to the year of retirement, the Teacher will be removed from the salary schedule and for the final three (3) years of employment, employment the teacherTeacher’s nonexempt TRS creditable earnings shall be increased by six percent (6%) or the maximum amount allowable without the Board incurring a TRS employer contribution, whichever is less, over the teacherTeacher’s nonexempt TRS creditable earnings for the prior years of employment respectively.