News and Tribune

Education/Schools

December 21, 2012

Retirement incentive for Greater Clark employees OK’d

Up to $20,000 offered in tax-sheltered annuities

JEFFERSONVILLE — Employees thinking about retiring from Greater Clark County Schools may have an offer they can’t refuse after the board of trustees approved a retirement incentive program.

Teachers, administrators and other staff can qualify for a $10,000 or $20,000 tax-sheltered annuity if they qualify for retirement and the program and submit their intent to retire by March 1, 2013.

Sandra Lewis, the district’s legal counsel, said 40 certified personnel — teachers and school administrators — and 15 classified directors, administrators or executive assistants can apply for the benefits. She said no staffing decisions following those retirements have been made.

“We’re excited, we think it’s a good thing,” Lewis said. “We think it’s going to give some recognition and thanks for those persons who have worked for Greater Clark the longest and are ready to put themselves in a retirement mode.”

The money the district will use for the incentive will come from an account it has to use for retirement-related expenses. But Lewis said if more employees in each group apply for the benefit than they’ve allotted, they’ll decide on the benefits paid by the seniority those employees have with Greater Clark. Years served with other school corporations will not be considered in determining the benefits.

But Lewis said the incentive isn’t an early retirement program. She said though employees who don’t qualify for retirement this year won’t get the annuity offered this year, they’ll still get the regular retirement benefits offered by the district and the state.

The board approved the measure unanimously.

CORDEN PORTER

Also, the board approved a withdrawal from the Clark County Commissioners to purchase the old Corden Porter building at 601 E. Court Avenue in Jeffersonville. The Commissioners were initially approved to purchase the building in March, but asked to delay the payments on the building in June.

Lewis said superintendent Andrew Melin saw potential in the site for other programs in the district and asked the commissioners to reconsider the purchase.

The board approved the measure unanimously Tuesday.

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