Teacher retirement incentive surprisingly popular | TheUnion.com

Teacher retirement incentive surprisingly popular

A retirement incentive for veteran high school teachers is working even better than planned – possibly saving programs and other teachers’ jobs.

Officials extended the deadline to April 15 in the hope even more certificated employees would sign on, after seven teachers took advantage of the package by the original deadline of April 1, Nevada Joint Union High School District Superintendent Ralf Swenson said.

District officials had a goal of five retirements, but have no ceiling on the number they will accept, Swenson said.

The incentive offers two options: Teachers can take $40,000 toward health and welfare benefits over a period of five to seven years, or they can get two additional years of service credit.

To be eligible, teachers must be at least 55 years old and have at least 10 years of service to the district.

NJUHSD is hoping to cut down on its payroll to ease a $2.1 million shortfall in its $31 million budget. Payroll accounts for about 80 percent of the district’s expenses.

Teachers already have accepted five cost-cutting furlough days, but the district needs retirements to offset declining enrollment.

Support Local Journalism

Support Local Journalism

Readers around Grass Valley and Nevada County make The Union’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Your donation will help us continue to cover COVID-19 and our other vital local news.


Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User