WATSONVILLE — More than 70 teachers accepted a retirement incentive plan designed to save the district money, and as a result the district will likely be able to rescind 126 layoff notices sent out in March, Assistant Superintendent of Human Resources Albert Roman said this week.
Through the Supplemental Early Retirement Program (SERP), K-12 teachers and managers will get 95 percent of their salary. They must be 55 years old and have worked in the district for at least five continuous years. The retirees can only work as substitutes after they accept the SERP.
The plan will save money for the financially beleaguered school district, because the newly hired teachers will earn less than their veteran counterparts who have moved up to the higher levels of the salary schedule.
Pajaro Valley Federation of Teachers’s Chief Negotiator Jack Carroll said the SERP excludes classified, adult education and early childhood education employees, which he said are among the lowest paid in the district.
“A potential retiree would not be expected to earn much more than their replacement so the district has no opportunity to save any money by their retirement,” he said.
For the complete article see the 04-28-2012 issue.
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