Wednesday, August 04, 2010

Update on Early Retirement Incentive

The proposals drafted by the Early Retirement Incentive Committee were developed based upon an analysis conducted by an independent actuary.  Besides the standard early retirement option currently offered by the District School Board of Pasco County, two additional plans were proposed and discussed at a workshop held on August 3, 2010.

Any plans offered to employees first will need to be negotiated with USEP, then presented before and approved by the School Board.  Eligibility criteria will be established as part of the proposals, thus employees wishing to participate will have to meet those criteria.  Current timeline projections will not permit employees to take advantage of any additional early retirement options prior to the end of the first semester of the 2010-2011 school year. 

As the process moves forward, updates will be provided.  Thank you for your continued interest.