View Mobile Site

Special meeting Tuesday addresses cost savings from retirement strategy

Text Size: Small Large Medium
POSTED May 2, 2009 1:59 a.m.
Not too long ago, the Manteca Unified School District entered into an agreement with the Public Agency Retirement Services.

At Tuesday’s special meeting at 5 p.m. in the new administration building, Superintendent Jason Messer will be seeking approval from the school board to accept the classified and certified employees interested in the early retirement plan.

Based out of Irvine, PARS is the third largest early retirement service planner in the state.

Trustees approved the agreement with PARS to help bridge a $23.5 million budget shortfall.

At last count, Messer indicated that 62 certified instructors, 16 certified administrators, 35 classified employees and nine classified administrators have tentatively agreed to enter into the early retirement program.

In order to qualify, certified personnel must be at least age 55 with five years of service, or age 50 with 30 years of services to the district.

Classified folks are required to be at least 50 with five years of service.

 For more information, call the district office at (209) 825-3200 or log onto http://www.mantecausd.net
Commenting is not available.

Commenting not available.

Please wait ...