Employees of the Lebanon Community School District who are close to retirement may decide to make the jump with a new program offered by the district.
Through a new retirement support program, the district is offering a stipend of $950 a month, or equivalent to an employee’s current insurance cap, for three years through June 30, 2014. In return the retiree will agree to substitute 20 days each year at his or her current full-time equivalent. For example, a half-time employee would work 20 half days.
Employees received e-mails on Feb. 10 detailing the offer. Anyone wishing to access this benefit must notify the district in writing by April 1.
“We’re not trying to push people out the door,” said Dale Koger, department administrator. “We’re trying to help employees make decisions about retirement.”
He said district officials have surveyed employees, and has heard more often than once that many would retire if they could just get help with insurance.
This program will help employees who have been in the district for many years, as well as provide highly qualified substitutes.
Although Koger said the district expects to see an overall savings as people take advantage of the program, the major savings will come from retiring licensed staff.
There won’t be as much savings, if any, from retiring classified staff, Koger added.
As people retire through this program, which is only being offered this year, some positions may be consolidated or left unfilled as the district heads into budget discussions.
Many things are still unknown about the budget numbers, but adjustments are being made for lower attendance and no more federal stimulus dollars.
“It is extremely unlikely that the state budget allocated for K-12 education will provide enough to keep all current programs and staffing levels at their current level,” Koger said in one of the e-mails sent to employees.