General Retirement Guidelines Clause Samples
The General Retirement Guidelines clause establishes the basic rules and procedures governing an individual's retirement from an organization or plan. It typically outlines eligibility criteria, notice requirements, and the process for initiating retirement, such as submitting a formal request or meeting a minimum age or years of service. This clause ensures that both parties understand the steps and expectations involved in retirement, promoting a smooth transition and reducing misunderstandings about retirement rights and obligations.
General Retirement Guidelines. A. In order to be eligible for retirement, the teacher must be under contract or on an approved leave with Perry Township Schools at the time of retirement.
B. Retirement may begin either at the beginning of a school year or at the beginning of the second semester. The Board may waive this stipulation. In the year of retirement, the teacher must be at least fifty-five (55) years of age before the beginning of the next school year. A teacher who desires to retire at the end of the first semester must be at least fifty-five (55) years of age before the date of the beginning of the second semester.
C. In order to be eligible for retirement, a teacher must be at least fifty-five (55) years of age and have fifteen
General Retirement Guidelines. Retirement may begin either at the beginning of a school year or at the beginning of the second semester. The Board may waive this stipulation. In the year of retirement, the certificated employee must be at least fifty-five (55) years of age before the beginning of the next school year. A certificated employee who desires to retire at the end of the first semester must be at least fifty-five (55) years of age before the date of the beginning of the second semester.
General Retirement Guidelines. Although there is no mandatory retirement age under KPERS, the BOE retains the right to retire its employees if the BOE has good faith doubt the employee can fulfill the contractual obligations and/or BOE policies and rules due to mental or physical infirmity. The administration will provide information to all professional educators concerning retirement. The BOE reserves the right to have any employee examined by a physician of its choice to determine whether the employee is mentally and/or physically able to fulfill the obligations of the employment contract and/or BOE policies and rules. The costs of any required examinations will be borne by the BOE.
General Retirement Guidelines. A. Retirement may begin either at the beginning of a school year or at the beginning of the second semester. The Board may waive this stipulation. In the year of retirement, the certificated employee must be at least fifty-five (55) years of age before the beginning of the next school year. A certificated employee who desires to retire at the end of the first semester must be at least fifty-five (55) years of age before the date of the beginning of the second semester.
B. In the case of disability retirement approved by the TRF, the Board may waive the age fifty-five (55) requirement as outlined in Article IX, Section 1, Subsection B.
C. A certificated employee applying for retirement must submit to Human Resources his/her letter of retirement by April 1 of the year of retirement. The Board may waive this stipulation for reasons of unforeseen health conditions or other emergencies.