Lisbon is looking to offer an early retirement plan for teachers and certified staff this coming school year.
Business manager Laurie Maher said there were nine employees who would be eligible for early retirement, including four teachers and four non-certified staff members. To be eligible to take early retirement, employees must be over 55 and have worked for the district for 10 or more years.
“Just because an employee is eligible doesn’t mean they will take the option this year,” Maher said.
That was the case last year when Lisbon made that offer.
The management fund is sitting in a healthy position to be able to offer early retirement to multiple staff.
Maher said that the district might look at limiting this to three certified staff (teachers and administrators) and three non-certified staff (support staff), and then on longevity getting highest priority.
For certified staff, this would be 55 percent of their base salary. Non-certified staff would be 66 percent of their base salary. If they are using the retirement benefit to pay for health insurance premiums, it goes to a health retirement account; otherwise it goes to a retirement account for the employee.