School district, teachers agree on early-retirement program
April 10, 2009
TRUCKEE “-The Tahoe Truckee Unified School District and teacher representatives agreed Thursday night to an early-retirement program. The deal offers teachers who are near retirement a tiered-incentive program to retire so younger, less well compensated teachers may keep their jobs.
The district is waiting for numbers to see how many current teachers would be applicable for early-retirement to see how many teacher jobs this could save. The district is facing a financial shortfall between $3.2 and $4 million, and said the move could save more than 20 of the 95 teachers who have been given notice that they could be terminated at the end of the school year.
According to David Inns, district assistant superintendent of Human Resources, if 15 to 19 teachers decide to retire at the end of the school year, they’ll receive a one-time payout of $15,000. If the number who are willing to take the incentive jumps to between 20 and 29, they’ll receive a $20,000 payout. Finally, if 30 or more teachers agree to take the incentive, a $25,000 incentive will come their way.