407.3 - Licensed Employee Retirement

Licensed employees who will complete their current contract with the Board may apply for licensed employee early retirement plan.  No licensed employee will be required to retire at a specific age.

Application for licensed employee early retirement will be considered made when the licensed employee states in writing to the superintendent, no later than 3:30 p.m. on Friday, February 12, 2021 that the employee wishes to retire at the end of the fiscal year.  Applications made after the date set by the Board may be considered by the Board if special circumstances exist.  It shall be within the sole discretion of the Board to determine whether special circumstances exist.

Board action to approve a licensed employee's application for retirement shall be final and such action constitutes resignation from employment and non-renewal of the employee's contract for the next school year.

Licensed employees who retire under this policy may also qualify for retirement benefits through the Iowa Public Employees Retirement System.

Licensed employees who have group insurance coverage through the school district may be allowed to continue coverage in the school district's group health insurance program, at their own expense, by meeting the requirements of the insurer.

 

 

Legal Reference:  Iowa Code §§ 97B; 216; 279.46.
                                      281 I.A.C. 21.

Cross Reference:  401.14 Recognition for Service of Employees
                                      407.4   Licensed Employee Early Retirement Plan

Approved   11/1/2004                            Reviewed 12/17/2007                           Revised 01/14/2009
                                                                                      11/17/2008                                           07/27/2009
                                                                                      02/09/2009                                          11/16/2009
                                                                                      02/20/2019                                           02/22/2010
                                                                                      12/21/2020                                           12/19/2011
                                                                                                                                                        03/18/2013
                                                                                                                                                        01/20/2014
                                                                                                                                                        01/19/2015
                                                                                                                                                        12/19/2016
                                                                                                                                                        01/15/2018
                                                                                                                                                        02/20/2019
                                                                                                                                                        12/21/2020