Skip to content Skip to left sidebar Skip to right sidebar Skip to footer

Teachers being offered retirement incentive in Washington County

Teachers retiring during the 2011-2012 school year may be eligible for a $12,000 payout.
The Washington County Board of Education approved a one-year Retirement Incentive Program during its Dec. 2 meeting.
Eligible teachers will have taught in the Washington County system for a minimum of 10 years, and have a minimum of 25 years total teaching experience.
A limit of 10 retiring teachers will receive the incentive payment. If more than 10 teachers apply, a lottery method will be used to choose the recipients.
The incentive program was decided on during contract negotiations with the Washington County Education Association led by Negotiations Committee Chair Chad Williams.
No additional money will be needed for the incentive program because the money comes from the savings in hiring new teachers at a lower salary level.
Board Chairman Phillip McLain said the system will receive one half of the savings during the first year, with the savings doubled during the second year.
Under the previous incentive program, teachers who met the criteria and made known their intention to retire by the deadline date could receive a payment of up to $7,000.
The incentive pay dropped to $5,500 for teachers with 31 years of experience, and those with 33 plus years received $1,000.
Director of Schools Ron Dykes estimates 40 percent of Washington County teachers are eligible for the program.