School Board OK’s retirement incentive
by Paula Peterson, asst to editor
22 months ago | 2133 views | 0 0 comments | 4 4 recommendations | email to a friend | print
The Altus School District held a special Board meeting Tuesday regarding an incentive for early retirement.

Superintendent Bob Drury proposed that an incentive be made to decrease expenditures for personnel. He said the district is overstaffed by eight teachers at this time. This, he said can change, but at this time it would behoove the board to approve a $200,000 pool of money to be divided among eligible applicants for retirement.

This reduction is aimed at the most experienced teachers and support staff, according to Drury. If district employees are interested in applying for the incentive, they must make application for the incentive between 7:30 a.m. and 12 noon on Friday, April 9. The incentive pay will be figured individually for applicants using their annual salary, minus the base salary for a beginning replacement teacher ($31,600) and dividing this figure by two. For example, a teacher making $42,000 a year would subtract the $31,600 to result in $10,400. This would be divided by two to result in $5,200 incentive pay for taking retirement at the end of this school year. If a person applies for the incentive and it does not go through, the person can rescind their request.

Priority will be given based on number of years' experience. For certified personnel, it depends on years of experience and degree. Drury asked that a caveat be added to this proposal that if once the need to decrease personnel costs for next year are met, the incentive will be called off and the pool of money preserved.

The board approved the incentive proposal with caveat.
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