Common use of Year Plan Clause in Contracts

Year Plan. If an eligible Teacher gives the Board an irrevocable letter of retirement prior to May 1 three (3) years prior to the year of retirement stating that he/she shall retire in three years, in lieu of the salary increases called for by the collective bargaining agreement then in effect, for the final three (3) years of employment the Teacher’s TRS creditable earnings shall be increased by six percent (6%) over the Teacher’s TRS creditable earnings for the prior years of employment respectively.

Year Plan. If an eligible Teacher gives the Board an irrevocable letter of retirement prior to May 1 three four (34) years prior to the year of retirement stating that he/she shall retire in three four years, in lieu of the salary increases called for by the collective bargaining agreement then in effect, for the final three four (34) years of employment the Teacher’s TRS creditable earnings shall be increased by six percent (6%) over the Teacher’s TRS creditable earnings for the prior years of employment respectively.

Year Plan. If an eligible Teacher gives the Board an irrevocable letter of retirement prior to May 1 three two (32) years prior to the year of retirement stating that he/she shall retire in three two years, in lieu of the salary increases called for by the collective bargaining agreement then in effect, for the final three two (32) years of employment the Teacher’s TRS creditable earnings shall be increased by six percent (6%) over the Teacher’s TRS creditable earnings for the prior years of employment respectively.

Year Plan. If an eligible Teacher gives the Board an irrevocable letter of retirement prior to May 1 three one (31) years year prior to the year of retirement stating that he/she shall retire in three yearsat the end of the next school year, in lieu of the salary increases increase called for by the collective bargaining agreement then in effect, for the final three (3) years year of employment the Teacher’s TRS creditable earnings shall be increased by six percent (6%) over the Teacher’s TRS creditable earnings for the prior years year of employment respectivelyemployment.