TWO RETIREMENT. Full time retiring teachers covered under this agreement shall be eligible to receive, in addition to regular contracted salary, and upon completion of his/her final year of service, a one-time payment of $9,000. Eligibility: 22.1 Reach age 55 by his/her retirement year. 22.2 Notice of intent to retire must be in writing to the superintendent no later than November 1st of the last full year of employment. Said notice is final and binding, but may be waived, on a case-by-case basis, by the board. 22.3 Have served a minimum of fifteen (15) full time consecutive years as a teacher in the district. An approved leave shall not constitute a break in consecutive years for purposes of this Article. 22.4 Otherwise comply with the eligibility guidelines and regulations of the New Hampshire Retirement System.
Appears in 2 contracts
Sources: Master Agreement, Master Agreement