Program Provisions. 1. A member may plan a pre‐retirement banked load leave of a full load (2.0) for one academic year immediately prior to retirement or may plan a pre‐retirement banked load leave for one semester (1.0) immediately prior to retirement. 2. The faculty member shall receive full salary, full STRS credit and all fringe benefits. 3. A member taking a banked load leave for one academic year (2.0) must retire at the end of the academic year in which the leave is taken. A member taking a banked load leave for one semester (1.0) must retire at the end of the semester in which the leave is taken. (Note, if a member wishes to take a banked load leave for the Fall semester, but wishes to retire at the end of the Spring semester, the member should apply for the Phase‐In program in Article 15.1. 4. Any banked load not used for the specific purposes described in this program shall be converted to cash disbursements per Article 36.
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Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement