Times of San Diego, by Chris Jennewein, May 28, 2014
The San Diego Unified School District Board of Education gave final approval Tuesday to implementing a supplemental early retirement program for 471 eligible teachers in a move to trim about $29.6 million from its budget over the next five years.
District officials said the tally, which was about a quarter of those eligible, signed on before Friday’s deadline, but teachers accepted to teach summer school will have until its last workday to tender their non-revocable resignation. The district previously set a goal of 547 San Diego Education Association-represented teachers.
The retirement incentive is expected to save the district about $7.9 million next year, which will be applied to next year’s anticipated $115.6 million shortfall along with about $80.3 million in real estate sales and funds from other cost-cutting measures.
“This was 100 percent really a dollar decision — and a good decision for the taxpayers,” Trustee Scott Barnett said.
District officials said early retirement will be beneficial due to declining enrollment and common core standards and other requirements that will necessitate adjustments.
link to full article…