Common use of TRS Two Year Plan Clause in Contracts

TRS Two Year Plan. If an eligible certified employee gives the Board an irrevocable letter of retirement prior to May 1st, two (2) years prior to the year of retirement, the certified employee will be removed from the salary schedule for the next school year and the certified employee’s TRS creditable earning shall be adjusted to reflect a six percent (6%) increase over the employee’s TRS creditable earnings for the current year, and the second year, the certified employee’s TRS creditable earnings shall be increased by six percent (6%) over the certified employee’s TRS creditable earnings for the prior year of employment.