Common use of Longevity Benefit Clause in Contracts

Longevity Benefit. 1. The district will provide certificated educational staff with an increased salary allotment as a longevity benefit. The individuals desiring these funds will notify the district administration by February 1st of their plan to retire at the end of the following year; must meet the rule of 85 or reach the age of 62; and be employed in the district for a minimum of fifteen (15) consecutive years.

Appears in 3 contracts

Samples: A Negotiated Agreement, A Negotiated Agreement, A Negotiated Agreement

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Longevity Benefit. 1. The district will provide certificated educational staff with an increased salary allotment as a longevity benefit. The individuals desiring these funds will notify the district administration by February March 1st of their plan to retire at the end of the following year; must meet the rule of 85 or reach the age of 62; and be employed in the district for a minimum of fifteen (15) consecutive years or a combined twenty (20) years.

Appears in 1 contract

Samples: A Negotiated Agreement

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Longevity Benefit. 1. The district will provide certificated educational staff with an increased salary allotment as a longevity benefit. The individuals desiring these funds will notify the district administration by February March 1st of their plan to retire at the end of the following year; must meet the rule of 85 or reach the age of 62; and be employed in the district for a minimum of fifteen (15) consecutive years.

Appears in 1 contract

Samples: A Negotiated Agreement

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