Additional Severance Pay. 1. Any bargaining unit member who has twenty-five (25) or more years of SERS service, with a minimum of ten (10) years of service with the Ashland City Schools, and who is eligible for retirement under the guidelines established by the School Employees Retirement System (SERS), and who retires within sixty (60) calendar days following his/her initial eligibility for retirement pursuant to SERS rules with at least twenty-five (25) years of service, shall receive an additional thirty (30) days of this retirement severance pay at his/her per diem rate. Eligible employees must notify the Superintendent or designee in writing at least thirty (30) calendar days prior to the end of the sixty (60) calendar-day window to be eligible for this retirement incentive.
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Sources: Collective Bargaining Agreement, Collective Bargaining Agreement