Thirty employees will retire this year after being offered an incentive that will pay 85 percent of their salary over the next five years.
This incentive package will save the district a projected $250,000 over a three-year period.
"However, PARS will now do the actual calculation based on the specific employees who are retiring, so this figure may change," said Superintendent Joel Shapiro.
Regardless, "We have a lot of important people who we need to replace," he continued.
The incentive program included the following stipulations: Employees needed to be at least 55 years of age with five or more years of service to the district as of June 30, 2012; or at least 50 years of age with 30 or more years of service to the district as of June 30, 2012.
The retirement incentive is totally independent of what employees will receive from their state retirement program (STRS for certificated employees and PERS for classified employees), said Shapiro.
Overall, 20 teachers and counselors, two administrators and eight classified employees will retire this year. Their names will be announced at the next school board meeting May 8.
"Those retiring, it's their responsibility to share with colleagues," said Shapiro. "We will have several events [to commemorate them]. Planning is just beginning."