Mill Valley School District Approves Early Retirements: Report

Mill Valley CA

17 March, 2021

4:51 PM

Description

MILL VALLEY, CA — The Mill Valley School District has approved an early retirement program for senior employees, a measure that's expected to shave around $175,000 in costs over three years, The Marin Independent Journal reports. The district's trustees approved the program Thursday according to the report, which notes 18 senior employees are on board with accepting buyouts. District staffers 55 and older who have served at least five years and those 50 and over with 30 years of service are eligible for the buyouts, district spokesperson Amanda Finlaw told the IJ. They will receive 70 percent of their final pay, Finlaw said. The 18 staffers who agreed to accept early retirement make up about 17 percent of the district's 106 eligible employees according to the report. Read more in The Marin Independent Journal