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Early Retirement Notification

Considering Retirement

Early retirement notification:

 

The date for classroom teachers and service personnel to submit early written notification of their intent to retire in order to receive the $500 bonus authorized by WVC 18A-2-2(g) is now MARCH 1.
  
In accordance with WVC 18A-2-5a, please note that county boards have the authority to pay, strictly from local funds, up to a $500 bonus to professional personnel other than classroom teachers or service personnel who provide written notification of their intent to retire at the end of the school year by MARCH 1.

Regarding "bonus amount," the $500 bonus is for the classroom teachers and service personnel who are employed full time in their positions.  If a teacher is employed less than full-time, the bonus will be computed on a full-time equivalence (FTE) basis; for example, teachers employed half-time will receive a bonus of $250.
 

"At the conclusion of the school year" has been interpreted to mean that the classroom teacher must complete his/her employment term for the current school year and not work the first day of the employment term of the following school year.  Consequently, classroom teachers are eligible for the bonus if they retire anytime during the summer break, as long as it is before the first employment day of the subsequent school year.  They are NOT eligible for the bonus if they must work any days as a regular employee during the subsequent school year to become eligible for retirement.
 





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