The Board will offer a leave incentive to any person who has served the district as a full time employee for 13-15 consecutive years or more, is at least 55 years of age by June 30th of the school year in which the person intends to leave, and is not subject to discharge for performance or misconduct reasons.
The request for the leave incentive must be submitted to the Board prior to January 5th in the school year in which the person intends to leave.
Any person who has served the District as a full time employee for 15 consecutive years or more will be awarded 38% of the person’s gross earnings at the time retirement is requested.
Any person who has served the district as a full time employee for 14 consecutive years will be awarded 14/15 x 38% of the person’s gross earnings at the time retirement is requested.
Any person who has served the District as a full time employee for 13 consecutive years will be awarded 13/15 x 38% of the person’s gross earnings at the time retirement is requested.
Beginning with the 2015-2016 school year the percentage will be zero, and therefore no leave incentive package will exist.
Leave incentive pay will be paid in one lump sum in July to the district’s Special Pay Plan.
This policy will terminate on June 30, 2015.
*Adopted: 01/09/12
*Revised: 01/14/13
*Revised: 02/11/13
*Revised: 10/13/14
*Revised: 01/10/22