Common use of RETIRING TEACHERS Clause in Contracts

RETIRING TEACHERS. a. Retiring teachers may accumulate up to 240 days for their last year of teaching. b. Retiring teachers will receive $40 per day for each sick day accumulated from 100 to 240 days, for example, a teacher with 150 accumulated sick days will receive 50 x $40. This amount will be deposited to their 403(b) account under the same regulations stated in Article IX, Section 1, 8.