Teacher retirement incentive surprisingly popular | TheUnion.com
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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.


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