1999)(equitable distribution
of early retirement incentives).
The aging of the nation's teacher workforce underscores the importance of studying the impact
of early retirement incentive programs on student learning.
negotiating fundamental changes to pension, benefits and executive compensation plan designs and designing and implementation
of early retirement incentive plans
Not exact matches
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.
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.
A lot
of it has to do with those extraordinary
retirement incentives I mentioned
earlier....
The company is using layoffs and
early retirement incentives to reach its goal by the end
of next year.
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.
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.
Meanwhile, the number
of people taking
early retirement became a bit clearer on Wednesday with the state comptrollers office saying 5,906 former employees have taken the
incentive.
The Star - Gazette is losing more than 100 years
of collective experience as six Elmira staff members are accepting the optional
early -
retirement incentive from parent Gannett.
-- The Judiciary opted into the
early retirement incentive for public employees for a projected savings
of $ 10 million in SFY 2010 - 11.
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.
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.
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.
At a time when millions
of babyboomer teachers are nearing
retirement, their decisions on when to leave the classroom are guided more by the
early -
retirement incentives built into state pension plans than by educational considerations, according to new research by a pair
of economists.
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.
After the
early retirement incentive program, Illinois had a dramatic influx
of new teachers and a rapid decline in average teacher experience.
Reemployment provisions such as these are not found in the private sector, where
early retirement incentives are usually part
of a downsizing effort.
The
retirement age for Social Security is being raised, but there is little discussion
of the
incentives to retire
early from teaching.
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.»
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.
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.
Mayoral spokeswoman Melissa Withers said 52
of 160 eligible teachers had agreed to take the $ 5,000
early retirement incentive.
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.
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.
With little side wagers, not only do you have the excitement
of early retirement, but you also develop an added
incentive and competition among your friends.
State
incentives could «discourage premature
retirement» and «encourage deployment
of nuclear unit designs that reflect advances over
earlier designs,» wrote the EPA in its proposed carbon dioxide rule, issued by the Obama administration on Monday.