Monday, February 15, 2010

District Retirement Incentive Deadline is March 1

Remember, Davis School District retirement incentives have been extended unchanged until at least the end of the 2010-2011 school year, and the biggest changes to the state retirement system impact only new teachers after July 1, 2011. Even with these reminders, some may still be considering retiring this year for a variety of reasons including to avoid the minor changes being considered that impact current employees.

The deadline for application for district retirement incentives is March 1. Because of the uncertainty of the potential changes proposed at the legislature, there will continue to be uncertainty for some people about whether this is the year to retire or not. We recommend that anyone considering retiring at the end of this school year submit a letter as close to March 1 as possible. The letter needs to be received by the Human Resources Department no later than Monday, March 1. Applicants are allowed 20 days from the day the letter is submitted to rescind the letter. The legislative session ends on March 11 leaving a few days for people to analyze the legislative changes that might have been approved by then and finalize the decision.

The superintendent has indicated that should anything catastrophic and unanticipated occur in the final days of the legislature, the deadline may be briefly extended but only if something currently unanticipated were to be enacted.