Sentences with phrase «early retirement incentive for»

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

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

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.

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

Not exact matches

Incentives for early and late retirement will be modified to decrease the attractiveness of early retirement and increase the attractiveness of late retirement; phased retirement will be facilitated by allowing people to collect benefits while contributing and earning new claims on CPP retirement benefits; and the number of years of low earnings that can be deducted from the calculation of a CPP retirement benefit will be increased.

Every bit you save now means you're that much closer to retiring early — and the best part is that most retirement accounts offer tax benefits as an incentive to help you save for the future.

Jacobs said she is taking advantage of the Illinois Municipal Retirement Fund's Early Retirement Incentive program, through which she will receive credit for an additional five years of service and five years toward the retirement age of 62.

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.

Fruscher ominously notes that a «much more significant downsizing of our entire workforce lies ahead,» but the OTB is awaiting legislative approval for an early - retirement incentive program and a joint effort with the union that represents most of the operation's workforce in accordance with a MOU.

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.

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.

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.

In earlier work we highlighted the peculiar incentives for retirement built into these plans (see «Peaks, Cliffs, and Valleys,» features, Winter 2008).

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

«It also failed to foresee the pressure on states and localities to cut personnel costs by building incentive systems for early retirement,»...

When we combine these concerns with the lack of any financial incentive to perform extra duties, we find that many are unmotivated to continue in their role and we have seen less teachers applying for roles with many educators opting to take early retirement or leave the profession altogether.

The retirement age for Social Security is being raised, but there is little discussion of the incentives to retire early from teaching.

Teacher pension systems typically have strong incentives for early retirement built in.

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.»

If the vast majority of workers remained in one pension plan for the life of their career, the back - loaded nature of defined benefits would create some perverse incentives around the normal retirement age (where pension wealth comes to a steep spike), but it wouldn't matter that the employee was accumulating very little early in their career.

Districts can offer incentives for teachers to announce their resignation, retirement, and transfer intentions in early spring so that they can recruit new hires earlier in the season.

Many school administrators have been asking about using some of the so - called school jobs money» as incentive for early retirement and the official word is that it's an approved expense.