Half-Year Retirement Option Clause Samples

Half-Year Retirement Option. Within the applicable notice window, teachers may submit their intent to retire at the end of the first semester of any school year covered by this Agreement. The Board will only approve this option for retirement if the teacher has the required years of service or age that fully vests the employee's benefits without penalty to the district. Teachers that are approved by meeting said requirements will be allowed to participate in and be entitled to the retirement incentive program benefit.