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home : most recent : greene September 14, 2014

2/18/2012 2:50:00 PM
White River Valley OKs $25,000 incentive for retiring teachers

Greene County Daily World

SWITZ CITY -- When previously offered, a retirement incentive for White River Valley School Corporation teachers hasn't been very successful.

However, that looks to change this year.

At Thursday night's school board meeting, a $25,000 incentive was approved.

Those teachers opting to retire at the end of the school year will be eligible for the incentive.

However, it's only available to a maximum of 14 teachers. A minimum of eight teachers are required for the buyout to be offered.

The incentive will be placed in the teacher's VEBA retirement accounts.

Superintendent Layton Wall said the buyout hasn't been too successful in the past. Last year, three teachers took advantage of the incentive of $25,000.

"We're hoping we get some of the retirements we need so we don't have to cut our younger staff," Wall said.

Currently, he said there are six or seven teachers considering retirement. Those wishing to take advantage of the incentive must provide a letter of intent to Wall no later than 3:30 p.m. on March 9.

"I think it's a win-win," Wall said.

Copyright 2014 Greene County Daily World.

Editor, John C. DePrez Jr.; Executive Editor, Carol Rogers; Publishers: IBRC and IAR

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