Retirement Incentive Plan. A remittance for each Employee covered un- der this Agreement, of $ 0.67 May 1, 2019 (May 1, 2020 $ 0.69; May 1, 2021 $ 0.72) per paid hour.
Retirement Incentive Plan. The Retirement Supplement Plan for employees meeting the eligibility requirements below and who retire on or after January 1, 2006 shall be as follows:
Retirement Incentive Plan. A. The summary statement of the Retirement Incentive Plan is as follows: Employees who qualify for the Retirement Incentive Plan are eligible to receive one third (1/3) of their last years pay as a cash bonus. This bonus will be paid in addition to other retirement benefits such as cash payments for unused Sick Leave pay (severance pay).
Retirement Incentive Plan. Early Retirement Incentive Plans are available to bargaining unit members who qualify as outlined below provided bargaining unit members retire with SERS by the end of their contract year in which they become eligible for one of the plans. Bargaining unit members who are in their first year of eligibility to retire at the end of FY 10 may have up to one (1) year from the adoption of this Negotiated Agreement to utilize this incentive. Bargaining unit members must notify the Board, in writing, at least three (3) months before the date of retirement in order to receive this incentive.
Retirement Incentive Plan. Employees who meet the requirements described in this Article may receive either the retirement incentive under Section 11.1 or the sick day buyback under Section 11.2, whichever is greater. No employee may receive both the retirement incentive and sick day buyback.
Retirement Incentive Plan. 13.7.4.1 In order to be eligible to participate in the Retirement Incentive Plan, the Employee must have at least five (5) or more full and continuous years of service with the Board; provides written irrevocable notice of his/her intent to retire to the Board at least ninety (90) calendar days in advance of said retirement; and must fall into one of the following four (4) categories:
Retirement Incentive Plan. Effective July 30, 2015 the retirement incentive program shall be eliminated in its entirety. Qualified employees shall be eligible for severance pursuant to Section 13.04.
Retirement Incentive Plan. 1602.1 The summary statement of the Retirement Incentive Plan is as follows: Employees who qualify for this Retirement Incentive Plan are eligible to receive $18,000 for certified teaching employees and $9,000 for other employees. This bonus will be paid in addition to other retirement benefits such as cash payments for unused Sick Leave pay and severance pay. This Incentive shall be paid within sixty (60) calendar days following retirement.
Retirement Incentive Plan. 1. Teachers must meet requirements for retirement as established by the Michigan Public School Employees Retirement System.
Retirement Incentive Plan. The NOEA and the District shall have the option to discuss and implement additional Retirement Incentives.
