Common use of Incentive Amount Clause in Contracts

Incentive Amount. 8.16.2.1 An eligible retiring full-time unit member will receive one hundred (100) percent of the difference between the first step of their classification, and the classification range and step of the retiring unit member. Longevity and shift differential shall be included in the calculation. A part-time unit member shall receive a prorated amount. 8.16.2.2 The Retirement Incentive amount shall be paid within 30 days following the District’s determination of eligibility and the unit member’s retirement date, whichever is later.

Incentive Amount. 8.16.2.1 8.17.2.1 An eligible retiring full-time unit member will receive one hundred (100) percent of the difference between the first step of their his/her classification, and the classification range and step of the retiring unit member. Longevity and shift differential shall be included in the calculation. A part-time unit member shall receive a prorated amount. 8.16.2.2 8.17.2.2 The Retirement Incentive amount shall be paid within 30 days following the District’s determination of eligibility and the unit member’s retirement date, whichever is later.