• Overview
• 110A
• 110B
• Immediate retirement

110 A
1 year advance planning
110 B
2 years advance planning
PERA
All The
Way “Go when ready…”

• PERA currently allows retired employees to work 110 days in a calendar year. The exception is a 140 day rule effective in 2010. District 6 will not participate at this time in the 140 option due to budget reductions.
• The fall semester is less than 110 days.
• The spring semester falls in the next calendar year, and is also less than 110 days.
• So, retired teachers may teach ONE school year while collecting their retirement benefit as well as their teaching salary. This is sometimes called “double dipping.”
District 6 has two different 110 plans.

You DO make a lot more money for one year
But, the “110” year does not count toward your PERA service credit. This may reduce your retirement benefit.
It’s important to understand the options to make the best decision for YOU.

• Requests are due to H.R. by MARCH 1 st.
• Assuming your most recent evaluation was satisfactory, you may be accepted, and notification will be sent to you by March 15 th .
• You must rescind your intent to retire April 1.
• Officially retire at the end of this school year, 2011-2012.
• Begin collecting PERA this June 30th.
• District insurance runs until August 31 st .
• Work next year as a “110-er”
• Starting in September, you may purchase COBRA insurance if you wish.

• Fulfill all the same responsibilities as you always have.
• Most Master Contract provisions apply.
• Continue GEA membership as an active employee
• - Retired membership does not cover 110-ers; (gold)
• Salary will be as if you had not retired.
• As of January 2011, you will have to pay the 8% contribution for PERA.
– - However, the year will not count toward your PERA service.
• You will get the dollar amount the district pays for insurances. You may buy
COBRA insurance if you wish.
• You’ll have 10 days leave for any purpose (bereavement, discretionary, sick…)
• No access to Sick Leave Bank or Donated Days
• You may sell back unused days at 35% of sub pay
• You will receive your step advancement and may request
• Horizontal Advancement, contract permitting

110A
PROS
Start retirement off with a financial bang!
Collect your PERA and your salary.
Only 1 year’s advance notice required.
110A
CONS
Uncle Sam gets a big chunk!
This year does NOT count for PERA service credit.
No provision if you need more than
10 days leave or are unable to complete the year.

•Requests are due to H.R. by June 15 th 2012 almost TWO YEARS before you plan to walk out the door.
•Assuming your most recent evaluation was satisfactory, you will be accepted. Notification will be sent to you by June 30 th .
•You have until July 15th to rescind in writing.
•In August 2012, work at the new teacher in-service and help new teachers throughout the year. You will be paid an additional 10%
of your salary for this service.
•Continue teaching in 2012-13 as a regular PERA employee.
•Officially retire May 2013;
-start collecting PERA the following June 2013.
• District paid insurance runs through August 31, 2013.

•Fulfill all the same responsibilities as you always have.
•Most contract provisions apply.
•Continue GEA membership as an active employee (Retired membership does not cover 110-ers)
• Salary will be 90% of your step.
• If applicable, you’re eligible for vertical and horizontal advancement.
• You will have to pay the 8% employee contribution for PERA.
• However, 2013-2014 will not count toward your PERA service.
• You will receive the dollar amount the district pays for insurances.
• You may buy COBRA insurance if you wish.
• 10 days leave for any purpose (bereavement, discretionary, sick…)
• No access to Sick Leave Bank or Donated Days.
• You may sell back unused days at 35% of sub pay.

110B
PROS
• Earning an additional 10% by working with new teachers during your last regular PERA service year increases your H-A-S (the basis for your retirement).
• Start retirement off with a financial bang!
• Collect your PERA and your salary.
110B
CONS
• Your decision must be made almost 2 years before you plan to walk out the door.
• Uncle Sam gets a big chunk.
• Your double-dip year does
NOT count for PERA service credit.
• No provision if you need more than
10 days leave or are unable to complete the year.

+
Work as a regular PERA employee until you leave the district.
No district benefit.
Notify PERA and District 6
Pros
Cons
• Retire when ready.
No early decision required
• No lump sum of money to start off retirement

Decide when you want to
“walk out the door.”
Then, explore the options.
Option
None
110A
110B
3 rd to last year 2 nd to last year Last year
2011-12 or any year
Regular PERA Service all the way. Retire in May.
2012
Request 110B no later than
June 15 th , 2012
2011-12
Last PERA year. Request
110A by March 1 st , 2012.
Retire in May, 2011.
2012-13
In August 2012, work the
New Teacher in-service for 10% of your salary.
Last PERA year.
Retire in May, 2013.
2012-13
Return as 110-er.
Collect PERA and your salary.
2013-14
Return as 110-er.
Collect PERA and 90% of your salary.

There are many factors to consider:
Timing
Personal plans
Investment habits
Age
Longevity
Flex Plans

• Look at your timeline and explore your options
• Pay close attention to the deadlines
• Review the Master Agreement
• Meet with a PERA representative
• Consult with your financial advisor
• Make a decision and meet the deadlines

•PERA http://www.copera.org/ , 303-832-
9550 or 1-800-759-7372
•Human Resources http://www.greeleyschools.org/ , 970-348-
6070
•GEA http://greeleyea.org/ , (970) 353-4187