Common use of Salary Enhancement Clause in Contracts

Salary Enhancement. As a voluntary retirement benefit for Teachers who qualify as noted above, the Board agrees to increase the Teacher’s TRS creditable earnings by 6% over the Teacher’s prior year’s reported TRS creditable earnings for each remaining year of the Teacher’s employment in the District. This increase is in lieu of any other raise, step or other creditable earnings increase the Teacher may otherwise have been entitled to receive under this agreement. This increase will be granted beginning in the school year in which the Teacher gives notice as provided above. A retiring Teacher may receive no more than four (4) years of 6% creditable earnings increases under this program. A Teacher for whom an extra duty or extra schedule stipend was part of the Teacher’s creditable earnings in the school year prior to the school year in which notice is given and who voluntarily ceases to perform such duty in any year prior to retirement will have the stipend for that duty subtracted from the creditable earnings increases provided under this program for each remaining year, before the 6% increase is applied. Under no circumstances may a Teacher participating in this program receive a creditable earnings increase exceeding 6% over the Teacher’s prior year’s creditable earnings.