Sioux City School Board Changes Early Retirement Plans - Siouxland News - KMEG 14 and FOX 44

Sioux City School Board Changes Early Retirement Plans

SIOUX CITY, IA -

Early retirement plans for the Sioux City School District could soon see some changes.
 
 
The school board is considering a new program for employees aged 61 and older who've worked a minimum of 15 years.

Board members hope to provide a more effective plan than the previous program, which included a larger pool of applicants from 55 and older. The district hopes the change will save taxpayer's money.

The new plan would not include insurance coverage for participants, and newly-hired teachers would also be paid a starting salary of nearly $25,000 less than a retiring teacher.

If approved, about 100 employees would qualify for the program and could apply starting July 1st.

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