Common use of VOLUNTARY SEPARATION PROGRAM Clause in Contracts

VOLUNTARY SEPARATION PROGRAM. For the 2012-13 school year, each teacher who has completed the equivalent of ten (10) or more full-time years of service in the District as a full-time or part-time certificated employee may participate in the Voluntary Separation Program (VSP) if the teacher is at least fifty-five (55) years of age; provided, however, that any teacher so electing to participate shall be required to complete the school year before separation from employment with the District commences. For the 2013-14 school year, each teacher who has completed the equivalent of twenty (20) or more full-time years of consecutive service in the District as a full-time or part-time certificated employee may participate in the Voluntary Separation Program (VSP) if the teacher is at least fifty-five (55) years of age; provided, however, that any teacher so electing to participate shall be required to complete the school year before separation from employment with the District commences. VSP payments represent the purchase of a teacher's "permanent certificated/tenure rights." The procedures to administer this Program shall be established by the District. The schedule of payments to be made under this Program is as shown in Appendix E, which is attached hereto and by reference incorporated in and made a part of this agreement. Each teacher retiring after at least 20 consecutive years of service in the District or who is at least 55 years of age with: (a) at least 10 years of service in the District at the conclusion of the 2012- 13 school year; or (b) at least 20 years of consecutive service in the District at the conclusion of the 2013-14 school year, shall receive $100 per day for each day of unused accumulated paid leave at retirement. To the degree permitted by law, payment for unused paid leave at retirement may be paid as "employer contributions" to either a 403(b) / TSA account or a Health Reimbursement Arrangement (HRA) established for the employee by the District. Each employee participating in the District's Health Plan for retirees shall have these employer contributions made to the HRA; each employee not participating in the District's Health Plan for retirees shall have these employer contributions made to the District-designated 403(b) unless the District decides, at its sole discretion, to pay said amounts as cash. The policies, procedures, implementation and all decisions related thereto shall be the sole responsibility of the District; provided however, the District will review the program with the Association prior to implementation.

VOLUNTARY SEPARATION PROGRAM. For the 2012-13 school year, each teacher who has completed the equivalent of ten (10) or more full-time years of service in the District as a full-time or part-time certificated employee may participate in the Voluntary Separation Program (VSP) if the teacher is at least fifty-five (55) years of age; provided, however, that any teacher so electing to participate shall be required to complete the school year before separation from employment with the District commences. For the 2013-14 school year, each Each teacher who has completed the equivalent of twenty (20) or more full-time years of consecutive service in the District as a full-time or part-time certificated employee may participate in the Voluntary Separation Program (VSP) if the teacher is at least fifty-five (55) years of age; provided, however, that any teacher so electing to participate shall be required to complete the school year before separation from employment with the District commences. VSP payments represent the purchase of a teacher's "permanent certificated/tenure rights." The procedures to administer this Program shall be established by the District. The schedule of payments to be made under this Program is as shown in Appendix E, which is attached hereto and by reference incorporated in and made a part of this agreement. VSP payments shall be paid into a 403(b) retirement account, unless the District determines with the consent of the Association, that payments shall be made in cash. Each teacher retiring separating service after at least 20 consecutive years of service in the District or and who is at least 55 years of age with: (a) at least 10 years of service in the District at the conclusion of the 2012- 13 school year; or (b) at least 20 years of consecutive service in the District at the conclusion of the 2013-14 school yearage, shall receive $100 per day for each day of unused accumulated paid leave at retirementseparation from the District. To the degree permitted by law, payment for unused paid leave at retirement separation may be paid as "employer contributions" to either a 403(b) / TSA account or a Health Reimbursement Arrangement (HRA) established for the employee by the District. Each employee participating in the District's Health Plan for retirees shall have these employer contributions made to the HRA; each employee not participating in the District's Health Plan for retirees shall have these employer contributions made to the District-designated 403(b) , unless the District decides, at its sole discretion, to pay said amounts as cash. The policies, procedures, implementation and all decisions related thereto shall be the sole responsibility of the District; provided however, the District will review the program with the Association prior to implementation.

VOLUNTARY SEPARATION PROGRAM. For the 2012-13 school year, each Each teacher who has completed the equivalent of ten (10) or more full-time years of service in the District as a full-full- time or part-time certificated employee may participate in the Voluntary Separation Program (VSP) if the teacher is at least fifty-five (55) years of age; provided, however, that any teacher so electing to participate shall be required to complete the school year before separation from employment with the District commences. For the 2013-14 school year, each teacher who has completed the equivalent of twenty (20) or more full-time years of consecutive service in the District as a full-time or part-time certificated employee may participate in the Voluntary Separation Program (VSP) if the teacher is at least fifty-five (55) years of age; provided, however, that any teacher so electing to participate shall be required to complete the school year before separation from employment with the District retirement commences. VSP payments represent the purchase of a teacher's "’s “permanent certificated/tenure rights." ”. The procedures to administer this Program shall be established by the District. The schedule of payments to be made under this Program is as shown in "Appendix E, E which is attached hereto and by reference incorporated in and made a part of this agreementContract. Each teacher retiring after at least 20 consecutive years of service in the District or who is at least 55 years of age with: (a) at least with 10 years of service in the District at the conclusion of the 2012- 13 school year; or (b) at least 20 years of consecutive service in the District at the conclusion of the 2013-14 school year, shall receive $100 per day for each day of unused accumulated paid leave at retirement. To the degree permitted by law, payment for unused paid leave at retirement may will be paid as "“employer contributions" ” to either a 403(b) / TSA 403(b)/TSA account or a Health Reimbursement Arrangement (HRA) established for the employee by the District. Each employee participating in the District's ’s Health Plan for retirees shall have these employer contributions made to the HRA; each employee not participating in the District's ’s Health Plan for retirees shall have these employer contributions made to the District-designated 403(b) unless the District decides, at its sole discretion, to pay said amounts as cash). The policies, procedures, implementation and all decisions related thereto shall be the sole responsibility of the District; provided however, the District will review the program with the Association prior to implementation.