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?