STAFF PERSONNEL
LICENSED
Series 400
Policy Title: Licensed Employee Early (Voluntary) Retirement Code No. 407.6
The Board may provide incentives to retiring licensed staff, administrators, and directors. The purposes of the plan would be to provide recognition to retiring employees who have provided significant years of service to the Oskaloosa Community School District and to provide appropriate incentives for employees considering early retirement.
By November 15 the Board will annually review whether to offer incentives to employees retiring after the current school year. If incentives are offered, they will be subject to the following guidelines in addition to those set forth in the accompanying Policy Exhibit 407.6E1:
- Application must be made by December 15 of the current year of retirement that would begin following the end of the school year.
- Employees must submit a written resignation from the existing contract contingent upon approval of the Board.
Pursuant to Iowa Statute, participation for eligible employees will be funded from the District’s Management Fund as early retirement benefits. The Board reserves the right to make immediate changes to the benefits and waive any restrictions detailed in policy or regulation.
Approved: January 1, 2001
Reviewed: May 14, 2019
Revised: November 10, 2015
Legal Reference: 29 U.S.C. §§ 621 et seq. (2012). Iowa Code §§ 97B; 216; 279.46; 509A.13. 1978 Op. Att’y Gen. 247. 1974 Op. Att’y Gen. 11, 322.
Cross Reference: 407.3 Licensed Employee Retirement; 413.2 Classified Employee Retirement