Hi MLEA members,
A couple of things to think about this month, both related to retirement:
1) As per Article V Section 11 of the current contract, if you notify the District in advance of your intent to retire at the end of the current school year you'll receive a Notification Stipend to be added on to your base contract amount. Given the fiscal mess that we're faced with it's a real blessing to know what the staffing for the next year will look like as early as possible; to that end, the District has agreed to both raise the amount offered from $1,000 to $1,500, and keep the amount level until March--under the current language, it would step down a couple hundred dollars per month.
If you have any questions about this part of the contract, please give me a call!
2) For those of us on Plan 3, this is the month where you can change your contribution option either up or down. There's a form that you'd have to turn in to Lynn Paul in the payroll office; you can find it, and more information, here:
http://www.icmarc.org/xp/plan3/trs/contributionrateflexibility.xml
Happy New Year!
--Ryan--
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