CHAPTER 6.00 - PERSONNEL

6.218 Early Retirement Incentive

Policy:

An employee may present a request or administration may present an employee a retirement or contract buyout package that must adhere to the following: 

(1) The option must be enacted at the end of the fiscal year unless it is financially feasible to the district to do so sooner.

(2) Will be considered only if deemed appropriate by the Director of Finance and is recommended by the Superintendent. 

(3) Must be financially feasible or advantageous to the district. 

(4) An annual contract staff member is not eligible as the goal is to inspire early retirement that could be a cost savings and benefit the district financially. 

(5) A person who accepts a buyout or early retirement incentive is not eligible for full time employment for 5 years. 

Statutory Authority:  

Laws Implemented:  

History: Approved April 12, 2011