July, 2020
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2020
Don’t Overlook this Fiscal Tool in Challenging Times: Voluntary Separation Incentives
Categories: Early Retirement Incentives,National Developments,PARS NewsAs a result of the COVID-19 pandemic, school districts throughout Connecticut face the paradox of decreasing budgets, due to state and local revenues losses, and increasing costs, due to safety mitigation in transportation, sanitization, temperature checks, personal protective equipment, and technology. With mounting pressure, many school districts are being asked to evaluate layoffs, furloughs, or other austerity measures to create savings. Another option that Superintendents should consider are district-controlled voluntary separation incentives.
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