Sentences with phrase «early retirement program in»

To determine the effect of teacher exits on students, Maria Fitzpatrick and Michael Lovenheim, both of Cornell University, took advantage of a natural experiment — a two - year early retirement program in Illinois in the early 1990s.

Not exact matches

The company expects most of the cuts to come from a voluntary early - retirement program it is offering in the United States.

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.

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.

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

There seems to be plenty of interest from Onondaga County employees in an early retirement program.

Last year, when Mahoney presented the current budget, she said the county had cut 502 jobs through layoffs, attrition and the early retirement program since she took office in 2008.

The opportunity for teachers to retire early exacerbates the measurement challenge, as early retirement programs give teachers greater flexibility in deciding when they leave teaching.

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.

In other words, while an early retirement program reduces teacher salary costs, it still can cost the state money through higher pension payments.

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

A commission chaired by the City of Chicago's Comptroller issued a report earlier this week which said that Chicago can no longer afford its subsidies for government worker retiree health care, which currently cost the city $ 109 million annually but would grow to nearly $ 500 million in a decade thanks to projected increases in the number of retirees and in health care costs.The commission offered Mayor Rahm Emanuel a series of suggestions on how to change the program to save money, including having workers pay a greater percentage of their own health care premiums in retirement, but it also concluded that the city might want to simply end the subsidy program, a move which almost certainly would be challenged in court.

Congressional staff members enrolled in the Federal Employee Health Benefits Program since the earliest opportunity, in the five years preceding retirement, or for the entire period of eligibility, can continue receiving health benefits through the plan if they retire on immediate annuity.

As explained in more detail in the fund's prospectus, the fund that charges a redemption fee reserves the right to waive its early redemption fee for certain tax - advantaged retirement plans or charitable giving funds, certain fee - based or wrap programs, or in other circumstances when the fund's officers determine that such a waiver is in the best interest of the fund and its shareholders.

But Early said the senior status program would not jeopardize the state's judicial retirement fund's long - term health, because legislators increased the fund's subsidy by $ 420,000 in 2000 to cover senior judges.

Although the board is officially neutral, retirement system director Donna Stockton - Early said it is operating under the assumption the program will expire in 2009.