Transitional Retirement Option Clause Samples
Transitional Retirement Option. Eligible teachers may serve the District for one school year beyond their retirement date by participating in the Transitional Retirement Option. In order to be eligible a teacher must be:
1. Eligible for retirement under PERA rules.
2. Currently employed by the District in a minimum .5 FTE assignment.
3. In at least their second year of service to the District.
4. In good standing, not currently involved in dismissal procedures or Intensive Assistance as outlined in the Educator Effectiveness Handbook.
Transitional Retirement Option. Any teacher who is eligible for the Public Employees Retirement Association (P.E.R.A.) retirement income and has been deemed effective on the two most recent evaluations will be eligible for the transitional retirement option from the Sheridan School District. Conditions for transitional retirement are:
1. The teacher will elect to take P.E.R.
A. retirement but will work for Sheridan School District as a teacher for the next contract year (185 days) immediately following the date of retirement.
2. During the transitional year the teacher will be placed on the salary schedule commensurate with placement had the teacher not elected retirement.
3. Notice shall be given to the Superintendent of Schools no later than April 15 for the ensuing school year.
4. Participant salaries will be reduced to cover the cost of both employer and employee PERA contributions. Benefits are not included.
5. Participants will be eligible for five leave days.
6. Participants will be placed on "Goal Setting."