Thursday, March 20, 2014

2014-15 budget solutions include teachers’ early retirement incentive

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. 2014 Budget

On 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»