Each Professional Employee, who retires under the Massachusetts Teachers' Retirement System after completion of twenty (20) years of continuous employment with the Committee, shall receive at the time of his/her retirement a lumpsum payment determined, by multiplying twenty-five percent (25%) of the accumulated sick leave days to his/her credit at the time of retirement by seventy dollars ($70).

ARTICLE XXVI - UNUSED SICK DAY REIMBURSEMENT A teacher who retires under the Massachusetts Teachers Retirement System and who has more than twenty (20) years of service with the Southampton Public Schoois will be reimbursed for half of his or her unused sick leave, to a limit of 100 days, at the current substitute daily rate of pay.

Contributions to the retirement fund by the administrator shall continue through the period of sabbatical leave and shall be credited for service in accordance with the practices of the Massachusetts Teachers Retirement System. Professional administrator status privileges and salary increments shall continue just as they might in normal employment. BSC/BEU Unit B Contract - 27 H. Illness or Accident.

ARTICLE XVIII RETIRING TEACHERS COMPENSATION Teachers with ten (10) or more years of service in the Mattapoisett Public Schools, and who will retire under the rules and regulations of the Massachusetts Teachers Retirement System at the conclusion of a given year, shall be granted a supplementary increment in the amount of two thousand dollars ($2,000) for services performed during the final year providing the following requirements are met: 17 1.

An employee, who retires under the Massachusetts Teachers Retirement System after completion of twenty (20) years of continuous employment with the Committee, and who does not then take a job covered by the Attleboro Municipal Retirement System, shall receive at the time of his/her retirement a lump-sum payment determined by multiplying the number of accumulated sick leave days in excess of seventy-five (75) to his/her credit at the time of his/her

Pension The parties agree that all provisions of the Massachusetts Teachers Retirement System shall be made a part of this Agreement. D. Tax-Deferred Accounts Under IRS Code Section 403(b) 1. The Committee encourages all employees of the school district to conduct financial planning for their retirement years. All eligible employees may also make elective contributions, through payroll deduction, to a 403(b) taxdeferred account. 2.

RETIREMENT PLANS The School's teaching staff and certain administrators participate individually in the Massachusetts Teachers Retirement System (MTRS). All qualified teachers and administrators are covered by, and must participate, in MTRS. All qualified teachers and administrators who qualify for the plan, along with the School, are exempt from federal social security taxes for these employees.

ARTICLE 26 RETIREMENT Upon retirement from FCTS, and applying to the Massachusetts Teacher Retirement System, or death of the teacher and after ten (10) or more years of service in the Franklin County Technical School District, a teacher will be compensated, based on Appendix A, one (1) day for each year of service in the Franklin County Technical School District.

Retirement for the purpose of this Article shall mean actual collecting of a retirement benefit from the Massachusetts Teachers Retirement System immediately following the actual date of retirement from the East Longmeadow Public Schools. 3.

an outsourcing an instructional aides; d) to hire Futures to manage who currently are in OOD placements; agreement Futures with for the in-district program for ten students e) to enter into an agreement to have and ng Futures personnel provide psychological services to students, which includes evaluati students. the When Employer was Employer paid required to make salaries teacher the from 240 Grant funds, the a nine percent contribution to the Massachusetts