Two Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement prior to May 1 two (2) years prior to the year of retirement, the employee will be removed from the salary schedule and for the final two (2) years of employment the employee’s TRS creditable earnings shall be increased by six percent (6%) over the employee’s TRS creditable earnings for the prior years of employment respectively.
Two Year Plan. If an eligible Teacher gives the Board an irrevocable letter of retirement prior to May 1 two (2) years prior to the year of retirement, the Teacher will be removed from the salary schedule and for the final two (2) years of employment the Teacher’s nonexempt TRS creditable earnings shall be increased by six percent (6%) over the Teacher’s nonexempt TRS creditable earnings for the prior years of employment respectively.
Two Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement submitted under this provision prior to March 1 effective at the end of the next two (2) ensuing school years, the employee will be removed from the salary schedule and for each of the final two (2) years of employment the employee’s TRS creditable earnings shall be increased in the first of such years by six percent (6%) over the employee’s TRS creditable earnings for the year of employment in which such notice is given and shall be further increased in the second of such years by six percent (6%) over the employee’s TRS creditable earnings for the first of such years. Three Year Plan If an eligible employee gives the Board an irrevocable letter of retirement submitted under this provision prior to March 1 effective at the end of the three (3) ensuing school years, the employee will be removed from the salary schedule and for the final three (3) years of employment the employee’s TRS creditable earnings shall be increased in the first such years by six percent (6%) over the employee’s TRS creditable earnings for the year of employment in which such notice is given; further increased in the second of such years by six percent (6%) over the employee’s TRS creditable earnings for the first of such years; and, further increased in the third of such years by six percent (6%) over the employee’s TRS creditable earnings for the second of such years over the employee’s TRS creditable earnings.
Two Year Plan. If an eligible ESP gives the Board an irrevocable letter of retirement prior to December 1 stating that he/she shall retire at the end of the second year after the current school year, the ESP will be removed from the wage schedule and for the final two (2) years of employment the ESP’s hourly wage shall be increased by six percent (6%) on the base plus six percent (6%) on any and all overtime, differentials, stipends, committee assignments or bonuses actually worked not to exceed a 6% increase of the previous year. Wage Example: An ESP will retire on June 30, xxx3. The ESP’s hourly rate for the xxx0-xxx1 school year was $12.00 per hour. The ESP’s hourly rate for the xxx1-xxx2 school year will be $12.72 per hour (i.e. $12.00 X 1.06 = $12.72). The ESP’s hourly rate for the xxx2-xxx3 school year will be $13.48 per hour (i.e. $12.72 X 1.06 = $13.48).
Two Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement prior to February 1 two (2) years prior to the year of retirement, the employee will be removed from the salary schedule and for the final two
Two Year Plan. If an eligible teacher gives the Board an irrevocable letter of retirement prior to December 1 stating that he/she shall retire at the end of the second year after the current school year, the teacher will be removed from the salary schedule and for the final two (2) years of employment the teacher’s nonexempt TRS creditable earnings shall be increased by six percent (6%) over the teacher’s nonexempt TRS creditable earnings for the prior years of employment respectively. Example: A teacher will retire on June 30, xxx3. The teacher’s nonexempt TRS creditable earnings for the xxx0-xxx1 school year were $40,000.00. The teacher’s nonexempt TRS creditable earnings for the xxx1-xxx2 school year will be $42,400.00 (i.e. $40,000.00 x 1.06 = $42,400.00). The teacher’s nonexempt TRS creditable earnings for the xxx2-xxx3 school year will be $44,944.00 (i.e. $42,400.00 x 1.06 = $44,944.00). Three Year Plan If an eligible teacher gives the Board an irrevocable letter of retirement prior to December 1 stating that he/she shall retire at the end of the third year after the current school year, the teacher will be removed from the salary schedule and for the final three
Two Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement prior to February 1 two (2) years prior to the year of retirement, the employee will receive a bonus equal to five and one-half percent (5.5%) over the employee’s non-overtime, non-extra duty wages in each of the final two (2) years of employment.
Two Year Plan. If an eligible teacher gives the Board an irrevocable letter of retirement prior to May 1, two (2) years prior to the year of retirement, the teacher will be removed from the not be covered by Section 14.1 of this Agreement and for the final two
Two Year Plan. A teacher giving the Board a letter of retirement two (2) years in advance of retirement shall receive a 6% salary increase for each of his/her remaining years of service. This increase is inclusive of the negotiated salary schedule increase and all other increases in creditable earnings and extra duties performed for that year.
Two Year Plan. If an eligible employee gives the School Board an irrevocable letter of intent to retire prior to the April School Board Meeting, one year prior to the intended year of retirement, the employee will be placed on an alternative schedule for the final two (2) years of employment. The employee’s TRS creditable earnings shall be increased by six (6) percent over the employee’s TRS creditable earnings for the prior years of employment respectively.
