Wednesday, April 28, 2010

Retirement Window Opened

The District and the DEA have agreed to open a window to accept additional applications for district retirement incentives. Anyone who has decided since the original deadline of March 1, 2009 that now is a good time to retire, can apply until May 14 at 4:30 PM. You must send a letter to the Human Resources Department indicating that you plan to retire at the end of the 2009-2010 school year.

You are also encouraged to contact the Utah Retirement System to inquire about their procedures including the purchasing of future years of retirement credit. The legislature passed legislation that will increase the purchasing cost in the near future. The rules are still unclear, so contact the URS for specific information regarding your situation.

As reported earlier, the incentives will remain in place for next year. DEA and the District felt there may be some who in these difficult times had changed their minds since the March 1 deadline passed. This option is for certificated staff who may be feeling the stress of current changes made to address budget shortfalls and have thought about retiring as changes have been announced.