Early Notification Retirement Incentive

Tomorrow, VCUSD is holding a special board meeting in regards to a early notification retirement incentive. VEA members who intend on retiring need to notify the District between February 18th through February 24th in order to receive a one-time payment of $1000. Additionally, in the VEA/VCUSD contract under, the limitation on benefits to age 67 is waived for unit members who notify the District by March 1, 2012 of their intent to retire by June 30, 2012. This allows unit members who are 65 or older to obtain health benefits for themselves for five years through the District. This portion of the contract EXPIRES at the end of this school year.

The District hopes to minimize the number of RIF notices that need to be sent by March 15th, so they need to know as soon as possible who is planning on retiring by the end of this school year.

Unit members should not expect a “better” incentive to come along. Sheila Gradwohl and I discussed the STRS plan with the Superintendent and there was no interest expressed at this time in offering this plan. VEA will continue to discuss other options for those nearing retirement, but need to remind unit members that the District needs to make fiscally sound decisions, especially in light of the potential reduction in the base revenue limit of $370 in the 2012-13 school year.

Finally, on March 14th, the CTA office in Cordelia is hosting a Retirement Seminar from 4 to 6. Please contact the CTA office at 864-0305 to RSVP. (Dinner will be served.)