807 CMR 6.03 - Early Retirement Incentives
(1)
The term early retirement incentive shall include but not be limited to the
following and shall not be considered as regular compensation:
(a) Any amounts termed a longevity which are
paid as a result of the employer having knowledge of the member's
retirement;
(b) Any amounts paid as
a retroactive increase in salary provided in an annual contract that has been
renegotiated as a result of the employer having knowledge of the member's
retirement;
(c) Any amounts paid as
salary which in prior years were paid as a reimbursement or an allowance for
the necessary costs of employment as a result of the employer having knowledge
of the member's retirement;
(d) Any
amounts paid as salary for additional duties which do not become a permanent
component of the job description as a result of the employer having knowledge
of the member's retirement.
Notes
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