RETIREMENT: INSTRUCTIONAL ASSISTANTS. Instructional assistants who plan to retire from the district must give the District a minimum of two weeks written notice. Forms necessary to initiate retirement are available from the Personnel Office. Employees who contemplate retirement should also call the Illinois Municipal Retirement Fund (I.M.R.F.) office to obtain a statement of estimated retirement annuity, preferably at least 2- 3 months prior to expected date of retirement. Upon retirement, the employee shall receive a post-retirement bonus of $350 for each year of consecutive service at Homewood-Flossmoor High School. This bonus will be paid 2 calendar months from the date of retirement. In order to receive the retirement bonus, employees are required to provide a one-year irrevocable notice of retirement. The retiring instructional assistant must have eight (8) years of continuous service at Homewood-Flossmoor High School. As per 215 ILCS 5-367J, all I.M.R.F. retirees, disabled members and surviving spouses are entitled to continue health insurance at their own expense. These members will be responsible for payment of the district’s entire fully insured equivalent rate. Termination of this coverage can occur when the retiree fails to pay the premium or becomes eligible for health coverage from another source. If an instructional assistant notifies the Director of Human Resources in writing at least 12 months before he/she intends to retire, the instructional assistant will be credited the number of sick leave days necessary to bring the total to 180. The instructional assistant will be credited these sick leave days 12 months before his/her effective retirement date and these days will be available for use.
