Notification of Retirement Clause Samples
The Notification of Retirement clause establishes the requirement for an individual, typically an employee or partner, to formally inform the relevant party of their intention to retire. This clause usually specifies the method and timing of the notice, such as providing written notification a certain number of months before the intended retirement date. By setting clear expectations for communication, the clause ensures a smooth transition and allows the organization to plan for succession or staffing changes, thereby minimizing disruption.
Notification of Retirement. A unit member who elects to retire must submit a notice of intention to retire from the District at least one semester prior to the semester in which the employee retires.
Notification of Retirement. It is expected that when a nurse is planning to retire, she/he will endeavour to provide twelve (12) weeks’ notice to the Health Centre of her/his retirement date to facilitate recruitment and replacement.
Notification of Retirement. Teachers shall notify the Personnel and Talent Management Department that they intend to retire at least 120 days prior to the date of retirement unless there is an extenuating circumstance, as determined by the Superintendent and is not subject to the grievance procedure, which precludes such notification. Failure to do so will result in a 10% reduction in the teacher’s sick leave payout.
Notification of Retirement. At least 30 days prior to the retirement date, except in the event of unexpected retirement due to employee illness, the employee must notify Personnel/HR of their intent to retire with effective date of retirement. DocuSign Envelope ID: FF1BA57E-4C16-4A72-9009-B75ACD336DBE
Notification of Retirement. In order to facilitate staffing, any certificated employee or secretary who gives written notice of his/her intention to retire at least six(6) months prior to his/her actual retirement date shall receive a cash bonus of five hundred ($500.00) from the Board.
Notification of Retirement. A written resignation must be filed with the superintendent's office prior to February 1st each year in order to be eligible for the early notification payment for retirement effective June 30 of that year unless the February 1st restriction is waived by the Board. Any teacher in the Whitehall District Schools may choose early retirement subject to the following qualifications:
1. Must have fifteen (15) years or more of full-time service in the Whitehall District Schools.
2. Cannot be on Social Security, LTD, or Worker's Compensation at the time retirement is chosen unless this restriction is waived by the Board. The Board shall pay the teacher an early notification payment into a 403B account equal to: Such amount shall be paid on or before July 1 of the year of retirement. In the event of a retiree's death, any balance not yet paid is to be paid to his or her surviving spouse and/or estate. Teachers who had 22 years or more of service credit in Whitehall District Schools as of the 2013-14 school year may elect to paid out on their sick days per the 2012-13 contract described below. Their election will be made upon retirement. At the time of retirement or separation from Whitehall District Schools, the Board will pay severance into a 403(b) account at the following rate based on accumulation of sick leave days:
A. Evaluation
Notification of Retirement. Teachers who submit notice of their planned retirement to the Assistant Superintendent for Human Resources and Leadership Development before January 15th of the school year in which they intend to retire shall receive a one-time payment of $10,000. However, for teachers who submit their notice of planned retirement to the Assistant Superintendent for Human Resources between July 1, 2018, and January 15, 2019, a one-time adjustment of $2,500 shall be added to the one-time regular payment of $10,000.
Notification of Retirement. Any employee giving the District early notification of retirement shall, upon request:
A. Receive up to $500 based on curriculum rate, if the eligible employee submits an irrevocable letter of retirement to the Superintendent’s office by March 1.
B. Time worked will be documented on a Verification of Additional Time Worked (Appendix F1), and be completed by June 30th. Duties of the employee will be determined by his/her immediate supervisor.
Notification of Retirement. Any eligible teacher, as described in paragraph 1 of this Section, who elects to retire no later than June 30, 2019, under the Illinois Teachers’ Retirement System and qualify for the applicable benefits provided in this Section K must notify the Superintendent or designee in writing by February 15 prior to his/her last years (up to a maximum of three (3) years) of service of his/her irrevocable intent to retire. Any eligible teacher who submits timely notice of retirement during the term of this Agreement, but whose effective date of retirement occurs beyond June 30, 2019, shall only be entitled to any future benefits that might be negotiated in a successor bargaining contract. These retirement benefits shall not be provided to any teacher who participates in any other retirement incentive afforded by the Illinois Teachers’ Retirement System or any other law, except for the TRS early retirement option (ERO) incentive.
Notification of Retirement. The Board and the CSA recognize the importance of providing continuity in the educational leadership in the schools. Therefore the CSA will advise supervisors to notify the Board of their intention to retire six months prior to the actual retirement at the end of the school term. The Board, in turn, upon receiving such notification, will fill the vacancy in accordance with existing regulations and to the extent possible by the beginning of the subsequent school term.