Retirement Notification Incentive. The Board and the W.E.A. are concerned with filling open positions with the best qualified applicants. To that end, a retirement notification incentive will facilitate the Board’s ability to plan for the upcoming school year. Said incentive will be Five Thousand Dollars ($5,000.00) for up to twelve (12) employees, if the Superintendent is notified, in writing, by April 30th of the retirement year. If said notification is given to the Superintendent by February 28th of the retirement year, an additional bonus of Three Thousand Dollars ($3,000.00) will be paid. Each full-time member of the bargaining unit who retires (other than as disability retirement) at the end of any school year during the term of this Contract, subject to the provisions of this Article IX, Section 7, shall receive a lump-sum cash payment. (See Amendment that was agreed upon by both parties.)
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