San Diego Unified has agreed to a Supplemental Early Retirement Program (SERP) for teachers and other members of the San Diego Education Association bargaining unit as a budget solution for the 2014-15 fiscal year.
March 11, the Board of Education approved the resolution to initiate
the SERP. Final Board approval will take place at their May 13 meeting.
The program is an incentive for eligible employees to retire from the
district at the end of this school year.
If fully subscribed, it will save the district $8.3 million in
2014-15, helping to close the $115.6 million projected shortfall. Read more from UT San Diego»