Retirement Payout for Holt Teachers

According to Article XX of the Master Agreement, Upon a bargaining unit member's retirement, a terminal leave pay will be paid if the bargaining unit member has at least ten years of continuous employment with the district. This is not related to pension or retirement benefits. It is recommended that any member considering retirement read this section of the contract and consult a retirement specialist.

Also calculated is the approximate number of sick days the retiree needs to receive the maximum payout. Click on "Reset" before starting another calculation.

Enter Current Salary (no commas):
Enter accumulated sick days:
Enter years in the district:
Enter year of eligibility for retirement:
Total Payout Based on Contract Limits: $
Sick Days for which the retiring member will be paid: