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Early Retirement Incentives
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1 Is the district required to provide early retirement incentives to employees who meet the qualifications of the law and want to participate in an incentive program? (Hot!)
2 What are the requirements that must be met for early retirement? (Hot!)
3 Can an employee retire at some time other than after the school calendar ends and before the next school calendar begins? (Hot!)
4 What if the board's current policy specifies employees must be between the ages of 59 and 65, but the board wants to change the age range to between the ages of 55 and 65. Can employees apply before the policy is changed? (Hot!)
5 Does "within the age range" for early retirement include ages 55 and 65? (Hot!)
6 If an individual retired at less than age 55, may the costs of the incentive be paid from the Management Fund? (Hot!)
7 May the employee take early retirement from one district and go to another to work? (Hot!)
8 If the district currently offers an early retirement incentive program to employees, must it now allow employees between the ages of 55 and 65 to participate, if those age groups were not already included in the incentive program? (Hot!)
9 May the district levy in the Management Fund to pay the retirement incentive for retirees? (Hot!)
10 Must the district replace the retiring employee and must the district realize a savings on the replacement employee in order to pay for the retirement incentives from the Management Fund? (Hot!)
11 Can the district offer early retirement incentives to employees? (Hot!)
12 Does the payment of continuation of health or medical insurance coverage conflict with law and Attorney General Opinions determining that health and medical insurance programs may not be expended from the Management Fund? (Hot!)
13 The date for certifying the next year's budget is April 15th. Is it too late to use the Management Fund to pay the incentives for employees who notify after July 1 and retire early enough in the fiscal year to receive a payment before June 30?
14 Must the district levy in the Management Fund to pay the early retirement incentives? (Hot!)
15 On which date is the age limitation measured? (Hot!)
16 What does "next following school calendar" mean? (Hot!)