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-14-
A
ny member of the bargaining unit who commenced employment after July 1, 2002, shall be eligible for the following career increments:
Completion of 10 years of consecutive service $1200
Completion of 15 years of consecutive service $1800
Completion of 20 years of consecutive service $2200
Completion of 25 years of consecutive service $2600
Eligibility for career increments will be determined by the employee’s full time service with the school department as of June 30th payable in October of the following school year. Employees who resign their employment for the subsequent school year and/or do not provide thirty days notice are not eligible for the payment of a career increment.

K. INCREMENTS FOR ADVANCED CREDIT
Increments for advanced credit shall be effective as of September 1 or January 1 upon successful completion of graduate level courses from an accredited institution or in-service courses approved in advance by the Superintendent of Schools prior to December 1.
L. SEVERANCE PAY
Severance pay of 33?% of the accumulated sick leave will be paid to a
legitimate retiree under the Massachusetts Retirement Fund or in case of a teacher's death, to his/her estate.
To be eligible for severance pay, a retiring teacher must notify the Superintendent sixty (60) days prior to retiring, unless there are extenuating circumstances.

M: WORK BEFORE AND/OR AFTER THE REGULAR SCHOOL
YEAR
1. Any member of the unit required to work before and/or after the close of the regular school year shall be compensated at a pro-rata rate of their regular salary provided that the work to be performed is substantially related to their regular school duties.