Transitional 110-110 Retirement. This agreement will be reviewed annually. Upon mutual agreement between a Covered Employee and the District, a Covered Employee may be eligible for the Transitional 110 Retirement Plan. A Covered Employee will elect to take P.E.R.A. retirement, but work for the District during the next contract year immediately following the date of retirement. During the transitional year following P.E.R.A. retirement, the Covered Employee shall remain in the same position, hours and at the same placement on the salary schedule, as prior to retirement subject to working the limit of 110 days/720 hours per calendar year. P.E.R.A. requires District contributions for 110 plan employees and the employee’s pay will be adjusted to cover that cost. The Covered Employee shall not receive health care benefits or Day Leave (including sick leave) and cannot participate in the Sick Leave Bank. Covered Employees who participate in the plan may choose to postpone the retirement pay referred to in Section 27.1a.
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