Common use of TRS Clause in Contracts

TRS. All TRS Employees opting to take this early retirement incentive must deliver an irrevocable written notice to the Superintendent by February 1st of the year when first expected to be eligible. Notice shall be given at least 1 full year, but no more than 3 full years prior to the effective date of retirement. This notice must be signed and cite the employees’ intention to retire at the end of the first, second, or third subsequent school year(s) under the early retirement incentive program. It must also be accompanied with a TRS “Benefit Estimate” verifying certifiable years from the retirement system. In the event of a life changing event, TRS Employees may request that the superintendent rescind their resignation if done so by April 1st of the final year of employment. At the superintendent’s discretion the resignation may be rescinded and the Employee may become re-eligible for the Early Retirement Incentive. The District shall recover the difference between the total received through the ERI and the amount the Employee would have received without ERI.

TRS. All TRS Employees opting to take this early retirement incentive must deliver an irrevocable written notice to the Superintendent by February 1st of the year when first expected to be eligible. Notice shall be given at least 1 full year, but no more than 3 full years prior to the effective date of retirement. This notice must be signed and cite the employees’ intention to retire at the end of the first, second, or third subsequent school year(s) under the early retirement incentive program. It must also be accompanied with a TRS “Benefit Estimate” verifying certifiable years from the retirement system. In the event of a life changing event, event TRS Employees may request that the superintendent rescind their resignation if done so by April 1st of the final year of employment. At the superintendent’s discretion the resignation may be rescinded and the Employee may become re-eligible for the Early Retirement Incentive. The District shall recover the difference between the total received through the ERI and the amount the Employee would have received without ERI.