School district: Early retirement incentive doesn’t pan out
April 22, 2009
TRUCKEE “-The criteria for an early retirement incentive offered to teachers by the school district was not met by the Tuesday deadline, said Assistant Superintendent David Inns.
Mike Merriman, president of the Tahoe Truckee Education Association, a union for the district’s teachers, said the district’s offer wasn’t serious, and characterized it as a “PR” move.
The incentive would have offered a one-time payout of $15,000 if between 15 to 19 teachers decided to retire early, $20,000 if that number was between 20 and 29, and $25,000 if 30 or more teachers decided to retire early.
Inns said the district received interest from less than 15 teachers, rendering the incentive moot.
“If somebody who is at the top end stays one more year, they can make $750 more a month for the rest of their life,” Merriman said. “They would’ve had to offer more as an incentive for people to retire. I wish we could have accepted it, but it just wasn’t enough.”