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School to offer early retirement program
(Clinton) -- School looks to early retirement program in first step to start to cut expenses for next year's budget
An early retirement incentive for Clinton School District employees has been approved by the board.
School Superintendent Deb Olson told the board this is one of the steps that could be taken to start to address what will need to be reduction of $860,000 dollars in expenses due to a decline in state aid based on declining enrollment.
The plan would pay eligible retiree $650 per year of employment with a cap of $16,250 and the employee would be responsible for all taxes.
Human Resource Director Jess Terrell said an initial inquiry indicated ten employees were interested in the incentive and another 19 had some interest.
Board Member Jim McGraw voted ‘no’ on the proposal. He said after the meeting he did not believe early retirement incentives ‘worked’ to save money and the district should not be bribing teachers to retire. He also said the retirement package just moves the levy for a different category and believed while it may show a reduction in the general fund it doesn’t save the taxpayers overall.
Written 11/13/2012 by Dave Vickers - KROS News
