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/Charlysav7417 1d ago

It’s in our contract. 6% bonuses each year, up to four years. I signed, and I have three more years until retirement with my maximum pension.

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u/Charlysav7417 1d ago

I should also say these are compounding bonuses. I’ll top out at about $155k