“Older teachers would get help to retire early under Senate measure” by Andrew Garber
The Seattle Times, Olympia Bureau
Published 2/22/11
Retrieved 2/27/11
Complete URL: http://seattletimes.nwsource.com/html/localnews/2014303070_teachers23m.html
Intended Audience: teachers
Summary: A new bill proposes to give financial incentive to help older teachers more easily transition into retirement at an earlier age (approximately 3 years earlier). The bill would provide a $250 monthly stipend to help cover medical expenses before they become eligible for Medicare. Supporters of the bill predict these expenses will be offset by replacing newer, lower-paid teachers with the more experienced, higher-paid teachers who retire early. The salary difference between new teachers and veterans is reported to be around $23,000.
Key Point: Older, higher-paid teachers will receive financial support to retire early.
Relevance: Allowing – or encouraging – older teachers to retire early creates more room in the job market for new teachers. Not sure how else to say it, relevance is pretty self-explanatory in this case.
Hey, I really like this idea - and not just because it might benefit me! :) I have known friends and relatives that had this happen in their companies and they decided to take the money and run (retire early might sound better!). It provides a financial incentive for teachers to retire, helps with health benefits, saves money for the school districts and brings in fresh blood with new teachers. Now Oregon just needs to do it!
ReplyDeleteIt's good to know how a teacher feels about this proposal - I thought it was a great idea as well but suspected the older teachers would feel like they were getting the boot. But I think as long as this early retirement option remains an "option" rather than a mandate, it will definitely help new teachers with new schools of thought get and keep their jobs.
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