EARLY RETIREMENT INCENTIVE PLAN. 1. The Board may, to the extent of monies available for this purpose in a given year, make payment of a retirement gratuity to a teacher who retires from the service of the District.
Appears in 3 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
EARLY RETIREMENT INCENTIVE PLAN. 1. The Board may, will pay from a specific fund set aside for the purposes of early retirement a retiring allowance to teachers who retire under the extent of monies available for this purpose in a given year, make payment of a retirement gratuity to a teacher who retires from the service of the DistrictTeachers‘ Pension Plan before reaching age 60.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
