Implementing provisions. A. Minimum Cash Payment If the cash retirement payment provided by Section 1 does not equal two thousand dollars ($2,000) at the time of retirement, yet the teacher has at least that amount in earned retirement cash benefits within the last three (3) school years of active service before retirement and was required to use accumulated sick leave for unforeseen reasons, the minimum payment shall be two thousand dollars ($2,000) regardless of actual sick leave accumulation at retirement. The minimum payments shall be added to the teacher's last contract.
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Samples: resources.finalsite.net, Agreement, www.egreene.k12.in.us
Implementing provisions. A. Minimum Cash Payment If the cash retirement payment provided by Section 1 does not equal two thousand dollars ($2,000) at the time of retirement, yet the teacher has at least that amount in earned retirement cash benefits within the last three (3) school years of active service before retirement and was required to use accumulated sick leave for unforeseen reasons, the minimum payment shall be two thousand dollars ($2,000) regardless of actual sick leave accumulation at retirement. The minimum payments shall be added to the teacher's ’s last contract.
Appears in 1 contract
Samples: Agreement
