Notification Incentive definition

Notification Incentive. For up to five (5) years immediately preceding the teacher’s retirement, an eligible teacher participating in this Advance Notification Incentive may receive up to an additional one and a half percent (1.5%) salary increase per year (hereinafter referred to as the “Retirement Enhancement”), provided: 1. The teacher must first earn the three (3) growth points necessary to receive the full Professional Growth payment of Performance Based Pay; 2. Teachers earning one (1) additional growth point shall receive a one-half percent salary increase (0.5%). Teachers earning one and a half (1.5) additional growth points shall receive a one percent (1.0%) salary increase. Teachers earning two (2) additional growth points shall receive the full one and a half percent (1.5%) salary increase; and 3. The total compensation for the teacher does not exceed six percent (6%) over the prior year’s total compensation. For example, if an eligible teacher receives a two and a half percent (2.5%) salary increase and also earns the maximum two percent (2.0%) Performance-Based Pay salary increase and earns two (2) additional growth points, the teacher would receive the full one and a half percent (1.5%) Retirement Enhancement for a total salary increase of six percent (6.0%). For another example, if an eligible teacher receives a two and a half (2.5%) salary increase and also earns a one and a half percent (1.5%) Performance-Based Pay salary increase and earns (1) additional growth point, the teacher would receive a one-half percent (0.5%) Retirement Enhancement for a total salary increase of four and a half percent (4.5%).
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Examples of Notification Incentive in a sentence

  • Retiring Association members who have worked for the Clio Area Schools for a minimum of fifteen (15) years will qualify for a "Retirement Notification Incentive" of $50 for each year of service with the district if they notify the Board in writing with their official retirement letter prior to March 1st.

  • Those employees who exercise the provisions of Article 20, Early Retirement Notification Incentive, and who receive the benefit payment thereunder, shall be ineligible for holiday pay once the twelve (12) month notification period has expired and they have not retired.

  • In recognition of dedicated service to the children of Braintree, any employee covered by this Agreement who has been employed for ten (10) consecutive years in the Braintree School System shall be eligible for a " Retirement Notification Incentive" in the form of an increase in compensation in the final year of employment by following the established procedure.

  • Retiring Association members who have worked for the Clio Area Schools for a minimum of fifteen (15) years will qualify for a "Retirement Notification Incentive" of $50 for each year of service with the district if they notify the Board in writing with their official retirement letter prior to March 1st .

  • Early Notification Incentive 15 Article X NON-RENEWAL AND TERMINATION OF NON-PROBATIONARY PROFESSIONAL EMPLOYEES 15 Section A.