Happy Friday VTA members.
Last night at the School Board approved a retirement incentive for this year. It is 65% of your base salary, and you must have 10 years in the district and be at least 55 years old to qualify for it. It will be paid out as an annuity over a selection of time periods (We’ll have more info on this next week).
This is a major decision for some and we wanted to give you as much time as possible to have the necessary conversations with your family, your financial planners, and STRS. You have to announce your resignation by Feb. 14, 2020 and it will be effective at the end of the school year. The District needs at least 30 sign-ups and if they don’t get enough, you don’t have to retire. We’ll have the full details and the MOU next week.
Todd Blanset, VTA President