ABBOTSFORD TEACHERS' UNION
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Article G.34 Early Retirement Incentive

The Board will pay an allowance to teachers who resign from the School District (and/or retire under the Teachers’ Pension Plan) before reaching age 65, subject to the following conditions:
 
           The teacher must:
 
           - be age 55 or over,
           - be on the maximum step of the salary scale,
           - have completed ten (10) years of service in this District,
           - retire from teaching in this District.
 
2.        A teacher shall receive a financial incentive of $15,000 pro-rated to his/her average FTE over his/her total years of service.

          The financial incentive for full and part-time teachers shall be paid once only.
 
3.        Teachers are no longer eligible to participate in the benefit plans.
 
4.        Teachers are not eligible for rehire to continuing positions within the District.
  • Home
  • Contact Us
  • WORKING
    • Calendar
    • Publications >
      • ATU Publications
      • BCTF Publications
    • Collective Agreement >
      • New 2019-2022 Collective Agreement
      • 2013-2019 Local Collective Agreement
      • Struck Language
      • Restored Language
      • Teacher in Charge
    • Health & Safety >
      • COVID 19
    • Reporting >
      • PM Benchmarks
    • Employment Practices >
      • Job Share/Job Exchange
    • Salary
    • Retirement
    • Committees >
      • ATU Committees
    • TTOCs
    • New Teachers
    • BCTF >
      • BCTF Code of Ethics
  • LIVING
    • Health & Wellness
    • Benefits
    • Leaves/Sick Time >
      • Sick Time/Medical Leaves
      • Maternity/Parental Leave
      • Paid Ed. Leave
      • Deferred Salary Leave
      • Long Term Service Leave
      • Educational Leave (without pay)
  • LEARNING
    • Pro-D
    • Resources >
      • Links
  • PARENTS