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407.3 Employee Retirement

Employees who will complete their current contract with the board may apply for retirement.  No employee will be required to retire at a specific age.

Application for retirement will be considered made when the employee states in writing to the superintendent, no later than the date set by the board for the return of the employee's contract to the board, the intent of the employee to retire.  The letter must state the employee's desire to retire and be witnessed by another party other than the principal or the superintendent.  Applications made after the date set by the board for the return of the employee's contract to the board may be considered by the board if special circumstances exist.  It shall be within the discretion of the board to determine whether special circumstances exist.

Board action to approve an employee's application for retirement shall be final and such action constitutes nonrenewal of the employee's contract for the next school year.

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

Employees and their spouse and dependents shall 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 91995).  581 I.A.C. 21.  1978 Op. Att’y. Gen. 247.  1974 Op. Att’y. Gen. 11, 322.

Cross Reference: 401.8    Recognition for Service of Employees

Approved  July 11, 2005

Reviewed  February 10, 2020     

Revised