Common use of IMRF Three Year Plan Clause in Contracts

IMRF Three Year Plan. If an employee hired prior to July 1, 2018 notifies the Board in writing on or before May 1st, three (3) years prior to his/her retirement, s/he shall receive a six percent (6%) increase added over his/her prior year's salary in each of the following three (3) years, subject to the limitations in Paragraph 9.2.1

Appears in 3 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement