Early Retirement Incentive Update

According to our agreement with the District, the 2 Year CalPERS Service Credit Retirement Incentive would be put into place for the 2010/2011 school year if PARS, a private company which specializes in developing their own brand of retirement incentives, produced a study which showed that by putting in a 2 Year CalPERS Service Credit Retirement Incentive for classified employees, the District would either save money or would not be required to spend additional money.

 On April 14, CSEA members met again with District representatives and a representative from PARS to discuss the PARS study. The conclusion jointly reached at this meeting was that the PARS study did not produce a result which would save the District money or which would not require the District to spend additional money.  Also, as the CalPERS retirement incentive requires a 90 day window for employees to enroll, sufficient time does not remain in 2010/2011 school year to allow for this window of time.  

 This meeting was the final step in this process that has lasted several months and has taken a series of meetings. We appreciate the District’s efforts in this process; however, we did tell the District that even though this PARS study did not produce the result CSEA had hoped for, CSEA was by no means abandoning the idea of the early retirement incentive. CSEA would likely bring back the issue in future negotiations, if that was the direction of the members.

 While we are disappointed that there will not be an Early Retirement Incentive for classified employees for the 2010/2011 school year, CSEA thanks members for their patience and their participation in this process.