The Bethalto School District is set to offer support staff employees an option for early retirement following last night’s board meeting. District officials unanimously voted to adopt the Illinois Municipal Retirement Fund Retirement Incentive program. School Board President Tom Beiermann says that approximately 25 employees will have the option to accept early retirement and receive a higher pension.
District officials say that a higher pension cost for retiring employees would not affect district funds, because there is a specific part of the budget for such programs and board members expect that this move will save money in the long run.
Beiermann says that they cannot predict how much they will actually save.
Beiermann also says that previous cost studies have shown that some employers were able to save up to 30% on salaried positions.
To qualify for the program, a support staff employee must be at least 50 years old and have worked for 20 or more years in the district. Those who qualify will have until December 31, 2013 to decide whether they will opt in to the program.
In other business, the board approved a resolution to post the district budget for public viewing. It will go on display on August 15th and remain up for public viewing until it is approved following a public hearing that has been scheduled for 5:30 p.m. on September 24th.
District officials have also announced plans for an open house to show off both the new social studies wing and the renovated math and science department of Civic Memorial High School. It will be held at 5:30 on August 27th.