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.
Not exact matches
A lot of it has to do
with those extraordinary
retirement incentives I mentioned
earlier....
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.
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.
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.
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.
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.
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.
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.
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.