QUOLKE'S CORNER
IMPORTANT MESSAGE FOR RETIREES REGARDING SEVERANCE PAYMENT
Just a reminder to all those who are retiring this year. Severance pay(30% of unused sick leave up to $30,000) will be disbursed in one of two ways per the Collective Bargaining Agreement.
IF YOU WILL ATTAIN AGE 55 OR OLDER IN THE CALENDAR YEAR OF RETIREMENT:
If you are age 54 but will turn 55 by Dec. 31st…this applies to you. If you fall in this category and will be receiving a severance pay from the district then it is MANDATORY for employees to enroll in a 403(b) and have the severance pay deposited into that 403(b).