Retirement

 

 

2023-2024 Retirement Process Deadlines for Educational Support Personnel,

Teacher, and Executive Professionals

October 17,2023	Non-Binding Letter of Intent to Retire is due in Human Resources from ESP, Teachers, and Executive Professionals intending to retire.
November 1, 2023	Teachers are notified if they are in the top 40 applicants applying to retire. ESP staff are notified if they are in the top 20 applicants applying to retire; and Executive Professionals are notified if they are in the top 7.
November 17, 2023	Retirement Documents are mailed to all retirement applicants.
January 9, 2024	Completed retirement documents are due in HR no later than 4:30p.m. Applicants not wishing to retire must notify HR in writing to rescind their retirement application.
January 16, 2024	Final day for applicants to rescind his/her application for retirement.
February 14, 2024	All retirement applications and requests for transition are submitted to the Board of Education for approval
March 1, 2024	All retiree applicants are sent a letter notifying them of the decision of the Board of Education regarding their retirement application and instructions for working a transition year
March 8, 2024	In the event a transition request is denied the retiree applicant may withdraw without penalty.

Contact PERA at 1.800.221.2627 or www.copera.org

• Check with PERA to see what your monthly payments would be upon retirement.

•  Ask for a PERA Retirement Packet to be sent to your home.

• Go to PERA meetings offered around town to acquire more information concerning retirement.

• Go to the Labor Relations page and click on the website for your employee group to view the Seniority List to see where you are on the overall list. 

• Look for E-mails and flyers announcing when the due dates for the Non-Binding Letters of Intent for retirement are to be returned to HR.  (Generally, letters are due the 2nd work day after Thanksgiving)

•  Send a Non-Binding Letter of Intent to the Human Resources Department by the due date.  (Generally letters are due the 2nd work day after Thanksgiving)   

• A confirmation letter will be sent indicating that your Non-Binding-Letter of Intent Form has been   received and then you are considered for the Retirement Incentive Program (RIP).

• Of those who apply for retirement, prospective retirees with the greatest seniority are eligible to receive  a 75% buyout of their unused sick leave.  In addition, they may be eligible to continue their medical insurance for a period of up to two years at district rates.  Who qualifies for these options?

• Teachers:  The top forty (40) teachers who apply are eligible for this plan;

• ESP:  The top twenty (20) ESP employees who apply are eligible for this plan (must have a minimum of 15 years of continuous service with the district);

• Exec-Prof:  Any Executive-Professional employee with 5 or more years as an Executive-Professional will be eligible for a pro-rated share of available sick leave payout funds.

• Letters received after the deadline will not be considered for the Retirement Incentive Program (RIP).  You may still retire at any time without being eligible for the Retirement Incentive Program (RIP).