Common use of Accumulation Benefit Clause in Contracts

Accumulation Benefit. Upon retirement, bargaining unit members who have not used the early retirement incentive and who have been members of the McBain Rural Agricultural school system for more than 20 years as a teacher will receive $325 for each year of service beyond 20 years.

Accumulation Benefit. Upon retirement, bargaining unit members who have not used the early retirement incentive and who have been members of the McBain Rural Agricultural school system and/or the Falmouth Elementary school system for more than 20 years as a teacher will receive $325 for each year of service beyond 20 years.