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CUSD to Offer Teamsters an Early Retirement

Total Contribution 60% of Final Pay

Dawn Urbanek, Neighbor

Posted Fri, Dec 1, 2017 at 12:12 pm PT|Updated Fri, Dec 1, 2017 at 12:15 pm PT

CUSDWatch is an objective, volunteer organization that monitors and observes Capistrano Unified School District for adherence to not only the law, but also standards of fairness, reflecting the use of taxpayer funds for public education, analyzing funding inequities, student and facility safety, and the abuse of power by the district/teachers union. For more information visit CUSDWatch

CUSDWatch: December 6 2017 CUSD BT Meeting Agenda Item #12 RESOLUTION NO. 1718-29, RETIREMENT INCENTIVE FOR CLASSIFIED NON-MANAGEMENT TEAMSTERS 952 EMPLOYEES

Board Meeting Agenda page 205

Board Audio: Not available yet Meeting is December 6, 2017

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Approval of Resolution No. 1718-29 Retirement incentive designed to encourage senior Classified Non-Management Teamsters employees to retire early.

The SRP would provide participating employees with a tax-qualified annuity based on total District contributions of 60 percent of their final year salary. This annuity is paid for by the District over a five-year period. The program requires all employees to resign from District employment at the end of the school year, no later than June 30, 2018. Approximately 43 employees are eligible for the offer.