Common use of At Retirement Clause in Contracts

At Retirement. For employees who retire and meet the New Mexico Educational Retirement Board (NMERB) eligibility rules for retirement, the District will pay out the percentage on the following chart of accumulated and unused sick leave, at the time of retirement, at the rate of $100 per day minus mandatory taxes.

At Retirement. For employees who retire and meet the New Mexico Educational Retirement Board (NMERB) eligibility rules for retirement, the District will pay out the percentage on the following chart of accumulated and unused sick leave, at the time of retirement, at the rate of $100 100.00 per day minus mandatory taxes.