LETTER OF UNDERSTANDING
BETWEEN
THE ST. JAMES-ASSINIBOIA SCHOOL DIVISION
AND
THE ST. JAMES-ASSINIBOIA TEACHERS’ ASSOCIATION
ADVANCE NOTICE OF RETIREMENT/RESIGNATION GRATUITY
This letter of understanding shall be in force and effect from the date of ratification until June 30, 2017.
The parties agree that teachers, with at least ten years of service in the Division, who provide written notice to the Board of their intention to retire or resign at the completion of a given school year shall be given an advance notice gratuity in accordance with the following schedule:
• $1,000.00 if written notice is provided and received no later than the last weekday, on which the Board Office is open, in March of the year in which the employee is to resign or retire.
• $2,000.00 if written notice is provided and received no later than the last weekday, on which the Board Office is open, in February of the year in which the employee is to resign or retire.
Payment of such resignation gratuity for teachers not retiring shall be made on June 30.
Payment of such retirement gratuity shall be made, at the option of the employee, on the effective date of his/her retirement, or January 1 of the year following his/her retirement.
A retiring teacher who wishes to have his/her retirement gratuity placed into an RRSP shall notify the Board and complete any prescribed forms.
Dated at St. James-Assiniboia this 14th day of October, 2014.
Signed and agreed on behalf of the St. James-Assiniboia School Division
_________________________
Chair of the Board
_________________________
Secretary-Treasurer
Signed and agreed on behalf of the St. James-Assiniboia Teachers’ Association of The Manitoba Teachers’ Society.
_________________________
President
__________________________
Secretary