Buyouts proposed



March 3, 2010 - 12:00 AM

USD 257 teachers eligible for retirement may be bought out.
Board members reached tentative accord Monday evening to pay up to six teachers a lump sum $25,000 each to retire.
Teachers were apprised of the buyout this afternoon.
“We’re very likely going to have to reduce staff for next year,” to deal with an anticipated state aid cut of $900,000, said Dr. Craig Neuenswander, superintendent of schools. The buyout would permit that to occur through attrition.
In recommending the buyout to board members, Neuenswander said $25,000 would permit a teacher to pay his or her health insurance premiums through the district’s plan for five years, which is part of the district’s negotiated agreement for those who retire. Money for the buyout would come from reserves.
Neuenswander noted that the one-time payment would be easily covered by saving those teachers’ salaries.
Board members are expected to make the buyout idea official at their 6:30 meeting Monday night in Iola High’s lecture hall.

June 10, 2020
March 10, 2015
May 18, 2010
March 9, 2010