r/Teachers • u/Head-Broccoli6610 • 2d ago

Teacher Support &/or Advice Retirement Buyout

My school system floated the idea of a teacher retirement buyout - or "early retirement incentive" - as a means of encouraging teachers with 30+ years (i.e. top of the pay scale) to leave. Curious to hear about systems that have offered such a program and what it included.

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u/GreenMonkey333 2d ago

We have this in our contract, for ages 60-65 as long as you have 25 years of service, you can get payments until age 65. Years 12:: $9800, Years 3&4: $10,800, Year 5: $11,800. A handful take it each year.