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.
Appears in 2 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement