Common use of Requirements for Eligibility Clause in Contracts

Requirements for Eligibility. a. The certified staff member must have at least 15 years of full-time service as a certified employee in the School District prior to benefit eligibility. b. The certified staff member must submit an irrevocable letter of retirement to the Superintendent by March 1, prior to the school year in which benefits will begin under this program. At the submission of the letter of retirement, the employee shall submit a TRS statement of benefits or documentation confirming the certified staff member’s total years of service and creditable earnings. In order to be eligible for this benefit, a certified staff member must submit a letter of irrevocable retirement no later than March 1, 2023 with an effective retirement date of June 30, 2027. c. The certified staff member must be at least 55 years old and be eligible to receive a TRS retirement benefit without any additional expense by the Board at the time of the effective date listed in the irrevocable letter of retirement. d. The certified staff member would not cause the Board to pay a penalty imposed by TRS due to the certified staff member’s salary exceeding the TRS cap if the employee would retire any time after submitting their letter of retirement. For example, a certified staff member who received a salary increase greater than 6% in one or more of the three years prior to the year the retirement benefits provided under this Paragraph B would begin would not be eligible for the retirement benefits under Paragraph B, C, and D. e. The certified staff member shall not have received a retirement benefit pursuant to a prior collective bargaining agreement.