Sentences with phrase «early retirement incentive»

The aging of the nation's teacher workforce underscores the importance of studying the impact of early retirement incentive programs on student learning.

Their findings indicate that although early retirement incentives lead to the replacement of experienced educators with novice teachers, they do not result in reduced test scores.

Gov. David Paterson today sent the Legislature a program bill to provide another temporary early retirement incentive for public employees in hopes of reducing the workforce to trim the budget deficit.

negotiating fundamental changes to pension, benefits and executive compensation plan designs and designing and implementation of early retirement incentive plans

The cost of health care services and health insurance plans have increased after the introduction of the Affordable Care Act, and Ulster County government has responded by downsizing its staff through early retirement incentives and attrition.

We see this playing out in agreed - upon language, such as early retirement incentives and a reduction in the number of teacher evaluations to one every three years, rather than yearly.

One reason the proportion of working seniors fell between the 1970s and 1990s, said Nyce, is that earlier generations enjoyed defined benefit plans loaded with early retirement incentives.

We are going to have to because out early retirement incentives is not adding up to the $ 250 million.»

UPDATE: Paterson, during a telephone conference with reporters, said he will wait to make a final decision about layoffs until he sees how much savings can be achieved through the latest early retirement incentive.

Although early retirement incentive (ERI) programs have been around since the 1970s, their popularity has spiked in the past five years, as it has during previous recessions.

Reemployment provisions such as these are not found in the private sector, where early retirement incentives are usually part of a downsizing effort.

Although that pension system ended in 1984, a number of state employees, many of whom took one of the recent early retirement incentives, benefited or will benefit from that old pension system.

ALBANY — Gov. David Paterson's early retirement incentive for state employees is off to a slow start because several state agencies are having difficulty identifying job titles suitable for elimination.

He could not immediately say whether the salaries they're receiving are equal to those of the individuals who departed the payroll, which would seem to defeat the purpose of early retirement incentives.

The company is using layoffs and early retirement incentives to reach its goal by the end of next year.

Masterson had offered other ways to save money, including changing schedules to cut down on manpower and early retirement incentives.

But after the district's 2004 budget was adopted, the state legislature passed an early retirement incentive law that gave the district a reprieve of $ 5 million a year for the 2004 and 2005 fiscal years.

«The governor is in such a rush to discuss layoffs, he hasn't even allowed his commissioners time to implement the early retirement incentive.

Paterson is also proposing an early retirement incentive program in hopes of luring older and higher - paid public employees out of the system.

According to Kriss, 260 DEC employees took the early retirement incentive, and DEC abolished 260 positions — «real savings,» he said.

Overall, the Paterson administration has said that statewide, the early retirement incentive could save up to $ 130 million this fiscal year.

Spokesman Erik Kriss said the 209 number wasn't set in stone, and would depend on final savings from people who took an early retirement incentive and attrition, such as regular retirements between now and the end of the year.

If it was really about saving money, the governor would have offered the early retirement incentive (ERI) much earlier to allow for more savings.

If the state workers that requested the early retirement incentives were allowed to flee by the Commissioners and Directors that are more concerned about keeping the line items in their bloated departments in place, there would be no need for layoffs / cuts and the state payroll would be considerably reduced.

-- The Judiciary opted into the early retirement incentive for public employees for a projected savings of $ 10 million in SFY 2010 - 11.

State agencies are having a hard time identifying jobs to eliminate under Paterson's early retirement incentive offer.

It is also important to note that the governor continues to stretch credibility when he insists the state work force must be reduced while his administration refuses to target positions for downsizing through the early retirement incentives.

The district was not the only area school district to offer an early retirement incentive for next year.

Mr. Cuomo will also seek a cut in state operations of roughly 10 percent, a move that would require reductions of as many as 15,000 jobs, through layoffs, attrition or early retirement incentives, unless other savings can be found.

Given all that Governor Malloy has done to clean up the financial wreck he inherited from Rep. Cafero, Sen. McKinney, Governor Rowland, and Governor Rell — a $ 3.5 billion deficit, early retirement incentives, borrowing for operations, underfunding pension payments, etc. — the criticism is kind of ironic.

A state early retirement incentive was offered to Onondaga County workers in 2010 and the county went through a process of analyzing which positions were most critical to rehire.

· Closely monitor the early retirement incentive and take necessary actions to reduce other appropriations if it does not achieve the $ 4.3 million in estimated savings.

«We did not include an early retirement incentive program because we feel that any short - term savings from such a program creates longer - term stress on our pension system,» Sharkey said.

During a 2009 budget crisis, former Republican Gov. M. Jodi Rell failed to persuade state employee unions to agree to an early retirement incentive.

HARTFORD — Republican lawmakers on Thursday laid out a vision for closing a $ 350 million budget gap that includes an early retirement incentive for state workers.

«Early retirement incentives for teachers don't hurt — might help — test scores.»

According to Fitzpatrick and Lovenheim: «Early retirement incentives (ERIs) are increasingly prevalent in education as districts seek to close budget gaps by replacing expensive experienced teachers with lower - cost newer teachers.

In short, early retirement incentives can provide a means for districts to save money without hurting student achievement.

In other words, the early retirement incentive cost Illinois $ 92.3 million.

Finally, the paper also speculates on what happened financially under the early retirement incentive program.

After the early retirement incentive program, Illinois had a dramatic influx of new teachers and a rapid decline in average teacher experience.

In teaching, by contrast, early retirement incentives have a completely different origin, namely legislatively enacted benefit enhancements, typically under heavy union lobbying.

Ohio's, the first of the state charts and the one below, has two such spikes, one for an early retirement incentive and again at the «normal retirement age.»

Early retirement incentives (ERIs) are increasingly prevalent in education as districts seek to close budget gaps by replacing expensive experienced teachers with lower - cost newer teachers.

Over a two - year period, Illinois lost 10 percent of its teachers, most of whom were experienced teachers, as the early retirement incentive led to a threefold increase in the retirement of experienced teachers in the 1994 and 1995 school years.

In the mid-1990s, Illinois offered an early retirement incentive which allowed employees to purchase extra years of creditable service for calculating their retirement benefit.

Mayoral spokeswoman Melissa Withers said 52 of 160 eligible teachers had agreed to take the $ 5,000 early retirement incentive.

However, you need to make sure that if you leave the plan you aren't inadvertently giving up any health benefits or early retirement incentives.

On January 10, 2014, the Cooper Union Board of Trustees voted down a proposal offering cost - saving measures like event rental, early retirement incentives, and a reduction in the president's compensation, all in order to avoid charging tuition.

1999)(equitable distribution of early retirement incentives).