REGION 4— A total of 17 teachers have accepted the early retirement incentive offer from the district’s school boards.
Superintendent of Schools Ruth Levy said early retirement was accepted by three teachers at Chester Elementary School, five teachers at Deep river Elementary School, three teachers at Essex Elementary School, three teachers at John Winthrop Middle School, and one teacher at Valley Regional High School.
There were 1.7 early retirements from teachers funded under the Supervision District budget, which covers shared services. Both are art teachers who rotated between schools.
To be eligible for the offer, teachers had to meet state requirements for early retirement. The teachers had to be at least 50 years old with 20 years of service as a public school teacher, or any age with at least 25 years of service as a public school teacher.
The Region 4 offer had two options, a cash payout of $10,000 per year for five years, or an option that had no cash payment but five years of health insurance coverage for an individual or four years of health insurance coverage for an individual with family or spouse. Levy said seven teachers took the cash payout and 10 teachers accepted the extended health insurance coverage.
Levy said the 17 retirements was slightly more than she anticipated. Levy said the early retirements would generate savings in the 2010-2011 education budgets because salaries for new and younger replacements would be lower. She said the early retirements had averted the need for any consideration of teacher layoffs, at least under the budget plans for 2010-2011 now being prepared by the district’s school boards.
Levy projected that at least 15 of the 17 positions would have to be replaced, though some positions could be eliminated through attrition depending on student enrollment for 2010-2011.