Thursday, April 21, 2011

And who is this "Third Party Donor?"


22. Doesn’t early retirement for teachers burden an already underfunded pension system? And in that sense, isn’t a short term fix creating a longer term problem further burdening future school age children?

We did not offer an early retirement benefit. Only teachers who are already eligible for retirement (per state standards) were eligible for the incentive. These are teachers who already have enough years of service and meet retirement requirement regulations. This was an effort to reduce the number of teaching positions that needed to be eliminated through attrition. The incentive was paid for by a third party donor, not the taxpayers or through the school budget. 52 teachers and 2 administrators have taken the incentive. (emphasis mine)

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