Petitioners were teachers employed by the Schodack Central School District, each of whom intended to retire at the close of the 1994-1995 school year. Their respective resignations were tendered and accepted by respondent Board of Education for the Schodack Central School District on and before April 13, 1995; for having furnished early notice of their intention to retire, petitioners became eligible to receive a $5,000 retirement bonus...
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