On Board Magazine covered the steep rise in New York public school teacher retirements this year, largely spurred by coronavirus fears. In times of economic difficulty school districts have historically tried to maximize retirements by offering financial incentives, and On Board reported that unions may push for these come the first of the year.
Harris Beach attorney Sara Visingard commented on memorandums of agreements (MOAs) that school districts can enter with unions that specify the terms of a voluntary retirement incentives. “A negotiated incentive must be offered to all unit members who meet defined eligibility factors,” Visingard told On Board. “Those eligibility factors must be carefully determined and the MOA language precise so as to capture a cost savings.”
She also touched on questions that school districts and BOCES should consider before negotiating a retirement incentive, which can be found in the full article.