Year Notice. Teachers who give notice in the school term in which they will retire shall have up to a two thousand five hundred dollar ($2,500.00) benefit sum paid through out the remaining years, not to exceed six percent (6%) over prior year’s total creditable earnings. Such payments will be paid in regular paychecks as creditable earnings.
Year Notice. Teachers who give notice in the second school term prior to the date of retirement shall have up to an eight thousand dollar ($8,000.00) benefit sum paid through out the remaining years, not to exceed six percent (6%) over prior year’s total creditable earnings. Such payments will be paid in regular paychecks as creditable earnings.
Year Notice. Teachers, who give notice in the third or fourth school term prior to the date of retirement, shall have a ten thousand dollar ($10,000.00) benefit sum paid through out the remaining years of service. Such payment shall be structured in such a way as not to exceed six percent (6%) over prior year’s creditable earnings. Such payments will be paid in regular paychecks as creditable earnings.
Year Notice. The teacher's salary shall be adjusted so that the teacher shall receive in the current school year and each of the other three (3) remaining years of employment an increase of the maximunmcrei ase that is allowed by law and TRS regulations (currently six percent (6%)) over the total TRS creditable earnings the teacher received in the prior school year.
Year Notice. Deadline Date of Notice Letter School Year Salary August 1st of year prior to Retirement year Salary will be 106% retirement (Notice year) of notice year’s salary
Year Notice. Teachers who give notice in second school term prior to the date of retirement shall receive a two thousand dollar ($2,000.00) severance payment. Such payment shall be made no sooner than thirty days after the final regular paycheck and shall not be considered or intended to be creditable earnings.
Year Notice. Teachers who give notice in the school term in which they will retire shall receive a seven thousand five hundred dollar ($7,500.00) severance payment. Such payment shall be made no sooner than thirty days after the final regular paycheck and shall not be considered or intended to be creditable earnings.
