Retirement Buyout Sample Clauses

Retirement Buyout. In both years of this agreement, MSD of North Xxxxx County will provide a one-time payment of $25,000, inclusive of any fixed costs such as FICA, OASDI, and TRF, to any certified staff member who is at least age 50, has at least 15 years of service credit with the state of Indiana, and who notifies the school corporation of their retirement by April 15. Teacher Stipend In both years of this agreement, the sum of $50,000, inclusive of any fixed costs such as FICA, OASDI, and TRF, will be divided equally among all teachers and paid as a stipend prior to the end of June. If fewer than four (4) certified staff members take the retirement buyout, the difference between $100,000 and the amount paid in retirement buyouts will be added to this sum. Extra Duty Pay Schedule 2019-20 & 2020-21 Any information other than the title of the position and the amount of the stipend is included for informational purposes only and was not bargained. NORTH XXXXX HIGH SCHOOL Non-Athletic Schedule Less TRF Social Studies, Language Arts, Science Academic Head Coach 1416 1375 Class Sponsors-Junior (0) 0000 0000 Class Sponsors-Senior (2) 700 679 Club Sponsors: Up to Nine (9) clubs to be paid each year and are subject to change upon agreement between Superintendent and 375 364 Association. Debate Coach 1061 1029 Department Chairpersons (5) 700 679 eLearning Coach 2276 2210 National Xxxxx Xxxxxxx 1300 1261 Play/Musical Director 912 885 Social Media/School Website Manager 2276 2210 Sound & Light Technicians (0) 0000 0000 Speech Coach 2276 2210 Spell Bowl Coach 2276 2210 Student Council 1300 1261 Vocational Club Sponsors (BPA, HOSA, FFA, Robotics) 1300 1261 Winter Guard 913 886 Yearbook Sponsor 1213 1178 Zero Period (per semester/paid at conclusion of each semester) 1500 1456 Academic Competition Coaches (5) Fine Arts, Mathematics, 1300 1261 NORTH XXXXX HIGH SCHOOL Athletic Schedule Less TRF Athletic Director 7000 6790 Athletic Director, Assistant 4000 3880 Baseball Coach 6000 5820 Baseball Coach-Assistant 2400 2328 Basketball Boys' Coach 7000 6790 Basketball Boys’ Coach-Assistant (0) 0000 0000 Basketball Girls’ Coach 7000 6790 Basketball Girls' Coach-Assistant (0) 0000 0000 Cheerleader Coach 2275 2207 Cheerleader Coach- Assistant or Dance 1300 1261 Cross Country Coach 2400 2328 Football Coach 7000 6790 Football Coach-Assistant (0) 0000 0000 Golf Boys’ Coach 2400 2328 Golf Girls’ Coach 2400 2328 Soccer Coach Boys’ (1) Girls’ (1) 4000 3880 Softball Coach 6000 5820 Softball Coach-Assistan...
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Retirement Buyout. For this contract period, FCS is offering a retirement buyout for those certified staff members who have fulfilled the requirements for normal (unreduced) retirement under the Indiana State Teachers Retirement Fund (TRF): Age 65 with at least 10 years of TRF service; Age 60 with at least 15 years of TRF service or; Age 55 if age plus TRF service total at least 85. It is also a requirement for that certified staff member to have worked for FCS for a minimum of ten(10)years. The certified staff must retire at the end of the semester, and will submit their “notice of intent to retire” by November 2, 2020 for a December 18, 2020 retirement or by March 1, 2021 for a May 24, 2021 retirement to the Superintendent. Those notifications will be accepted and approved for the buyout on a first-come-first-serve basis. A maximum of 10 retirement buyouts will be granted for the buyout terms outlined below:
Sample 1
Retirement Buyout. 1. In consideration of the benefits set forth below, the Mount Pleasant Township Community School Corporation, hereafter Corporation, and the Mount Pleasant Teachers Organization, hereafter MPTO, agree the Retirement Benefit and Early Retirement set forth in Article VI, Retirement Benefits, in the July 1, 2002 to June 30, 2003 Collective Bargaining Agreement are hereby eliminated for all teachers who had not retired by July 1, 2004; and shall not apply to any teacher retiring or severing employment with the Corporation after July 1, 2004, except as provided in Section D. Those teachers who retired or severed employment on or before July 1, 2004, shall only be entitled to the retirement benefits contained in the 2002-03 Contract as of the time of his/her retirement, but as may be otherwise revised from time to time.
Sample 1

Related to Retirement Buyout

  • Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

  • Pre-Retirement Leave An Employee scheduled to retire and to receive a superannuation allowance under the applicable pension Acts or who has reached the mandatory retiring age, shall be entitled to:

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Early Retirement Incentive The Employer may offer to any faculty member or a faculty member may apply for one of the early retirement incentive alternatives described herein, provided the faculty member meets the following criteria. The Union shall be advised in writing of any offer of early retirement made to a faculty member.

  • Supplemental Retirement Benefits The terms and conditions for the payment of supplemental retirement benefits are set forth in a separate written agreement between the parties.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one) ☐ - DO NOT have retirement plans. ☐ - HAVE retirement plans. The Couple has the following retirement plans: (“Retirement Plans”). Upon signing this Agreement, the Retirement Plans shall be owned by: (check one) ☐ - Husband ☐ - Wife ☐ - Both Spouses ☐ - Other. .

  • Retirement Program Any employee employed prior to October 1, 1977, working at least seventy (70) hours per month shall by law be a member of the Washington Public Employees Retirement system (PERS) Plan One. Any employee working at least seventy (70) hours per month, entering employment on or after October 1, 1977, shall by law be a member of the School Employees Retirement System, Plan Two or Three. The District shall provide each new employee information concerning PERS or SERS membership benefits.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Early Retirement Benefits If elected in the Adoption Agreement, an Early Retirement benefit may be available to individuals who meet the age and Service requirements that are specified in the Adoption Agreement. A Participant who attains his or her Early Retirement Date will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

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