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Chartiers Valley plans to provide a special program for older teachers to retire early

The Chartiers Valley School District is offering teachers who have worked for 15 or more years an opportunity to retire early.

The Chartiers Valley School District is giving teachers who have worked for 15 or more years an opportunity to retire early.

The early retirement program was supported by the school board on Feb. 27 and will be offered to the Chartiers Valley Federation of Teachers, as stated by district spokeswoman Angela Conigilaro.

According to Patricia Connolly, Chartiers Valley’s director of finance and operations, 66% of the faculty are at the top of the union’s pay scale.

By replacing a retiring employee with medical coverage who is 60 years old with a new employee with medical coverage, the district could save over $209,705 over five years.

If the retiring teacher is not replaced, the district could save $515,200 over five years.

There need to be 25 accepting teachers for the program to take effect, said Connolly. Eligible teachers must be 55 or older and have worked at Chartiers Valley for at least 15 years.

Connolly stated that there are 29 eligible teachers in the teachers union in 2023-24.

Teachers who are interested must inform the district of their retirement by April 1, and the retirement would be effective on June 30.

Retirees would receive healthcare benefits for up to 10 years or until age 65, and they would also be compensated for up to 100 sick days at a rate of $140 a day. This money would be placed into a retiree’s 403(b) plan over a two-year period.

For example, if a retiree has 100 sick days, they would receive $7,000 in a 403(b) in each of the first and second years.

Under this plan, retirees would have their healthcare costs covered, except for any increases. If the cost were to increase by $1,000 next year, they would be responsible for paying that amount.

Chartiers Valley previously offered an early retirement incentive in 2019-20, which included five years of district-paid healthcare.

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