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District officials consider early retirement incentive program for employees
The Coatesville Area School District finance and personnel committee discussed an early retirement incentive program for employees during a meeting Tuesday night.
Among the program highlights:
-The employees must be at least 53 years old and have 10 years of service in the Coatesville Area School District.
-There are at least 27 employees eligible for the program and the district needs 12 employees to participate in order for the program to be financially feasible, according to district officials.
-If 12 teachers utilize the program, it would save the district $1.2 million. If 15 teachers use the program, it would save the district $1.5 million; 19 teachers would save $2 million, according to Lupold.
-Teachers interested in participating must notify the district by June 30. The retiring teachers would receive $15,000 and medical insurance until they are 65 years old.
While this will save the district money, one school board member questioned whether the program would have a detrimental effect on education. What do you think?
Among the program highlights:
-The employees must be at least 53 years old and have 10 years of service in the Coatesville Area School District.
-There are at least 27 employees eligible for the program and the district needs 12 employees to participate in order for the program to be financially feasible, according to district officials.
-If 12 teachers utilize the program, it would save the district $1.2 million. If 15 teachers use the program, it would save the district $1.5 million; 19 teachers would save $2 million, according to Lupold.
-Teachers interested in participating must notify the district by June 30. The retiring teachers would receive $15,000 and medical insurance until they are 65 years old.
While this will save the district money, one school board member questioned whether the program would have a detrimental effect on education. What do you think?
posted by Danielle Lynch at
1:52 PM
2 Comments:
You're making the assumption that only teachers will take the offer. You say it's for all employees who meet the requirements. If so, you can't make the assumption it's only teachers who will go. So, is it for teahers or everyone? Is it a deteriment? While experience is great, it doesn't exclude getting less experienced teachers means they would be worse. Sometimes, people just start "putting in the time" until retirement, while younger teachers may have enthusiam toward kicking off their careers. You just can't assume years of service always translates into being a better employee, teacher or otherwise.
would love to see those who choose to retire volunteer their time to the children who are in need in the city. It's tough times all around- and this shows a great way to rise above economic suppression and make a difference- turn a negative into a positive as to say.
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