Common use of Retirement Death Benefit Clause in Contracts

Retirement Death Benefit. A. Upon retirement into the Maine Public Employees Retirement System or death each teacher or his/her survivor(s) shall be paid from his/her accumulated sick leave based on the salary of his/her per diem salary according to the following schedule After ten (10) years of teaching service to the RSU # 78 25 days After fifteen (15) years of teaching service to the RSU # 78 27 days After twenty (20) years of teaching service to the RSU # 78 30 days provided that, in the case of regular retirement, notice of intent to retire is given by January 1 of the year of intended retirement.

Retirement Death Benefit. A. Upon retirement into the Maine Public Employees Retirement System or death each teacher or his/her survivor(s) shall be paid from his/her accumulated sick leave based on the salary of his/her per diem salary according to the following schedule After ten (10) years of teaching service to the RSU # 78 25 days After fifteen (15) years of teaching service to the RSU # 78 27 days After twenty (20) years of teaching service to the RSU # 78 30 days After twenty-five (25) years of teaching service to the RSU #78 35 days provided that, in the case of regular retirement, notice of intent to retire is given by January February 1 of the year of intended retirement.

Retirement Death Benefit. A. Upon retirement into the Maine Public Employees State Retirement System or death each teacher or his/her survivor(s) shall be paid from his/her accumulated sick leave based on the salary of his/her per diem salary according to the following schedule After ten (10) years of teaching service to the RSU # 78 Rangeley Lakes Regional School 25 days After fifteen (15) years of teaching service to the RSU # 78 Rangeley Lakes Regional School 27 days After twenty (20) years of teaching service to the RSU # 78 Rangeley Lakes Regional School 30 days provided that, in the case of regular retirement, notice of intent to retire is given by January 1 of the year of intended retirement.