Loudon County Board of Education members voted
unanimously Thursday to bring back the teacher
retirement incentive.
The program ended last April due to the number of teachers retiring.
The board initially considered offering the
incentive this year on a sliding scale regardless of
years experience, and following years would only be
for teachers reaching 30 years and 35 years. Board
member Leroy Tate made the motion, while Vice
Chairman Scott Newman seconded. Board member Craig
Simon was absent.
The incentive, which aims to encourage eligible
teachers to retire earlier than the average
retirement age, offers 25 percent of their most
recent annual salary on their 30th year of credit
service as defined by the Tennessee Consolidated
Retirement System.
During the workshop last week, Chairman Ric Best
suggested adding a 35-year incentive to encourage
teachers who missed the 30-year deadline to take
retirement. The proposed 35-year incentive was at 15
percent.
“I think obviously we’ve seen over the past few
years this has wound up saving us quite a bit of
money. It’s helped us make our budgets for several
years, and it’s been a benefit to the school
system,” Jeremy Buckles, board member, said. “... If
they’re in there until 32 or 33 years, I think
having a 35-year section there actually encourages
them to stay on a couple more years until they
retire. At that point, we’re definitely losing money
with that and I just don’t think that is a very good
thing to have in there.”
Board member Gary Ubben agreed with Buckles, saying
the second window would actually encourage teachers
to stay employed longer.
“I think we’re better off just eliminating that, the
35-year 15 percent, leave it at 30-year 25
(percent),” Ubben said. “We’re saying that’s your
only opportunity to retire early and get a bonus.
“Anytime if you pass that window and get beyond
that, there’s no bonus available to you,” he said.
“That’s your only option for one. That would be the
greatest encouragement to get people to retire then
and then after that they would miss that
opportunity.”
Tate originally motioned to approve the teacher
retirement incentive the way Director of Schools
Jason Vance presented it to the board, but
eventually rescinded his motion and motioned to vote
in a program that would only allow teachers to
receive the incentive at 30 years after 2015.
In other news, the board:
- Approved with a 9-0 vote to provide $8,000
to finish the restroom facility outside
Philadelphia Elementary School. Newman motioned,
and Tate seconded.
- Voted 9-0 in favor of approving funds for
the football program at Fort Loudoun Middle and
Philadelphia Elementary schools. Tate motioned,
and Newman seconded.
- Voted 9-0 in favor of allocating $1,500 for
the baseball programs at Greenback and Fort
Loudoun Middle schools. Newman motioned, and
Tate seconded.
- Approved 8-1 in favor of the director
evaluation instrument with the modification of a
comment section for board members to give Vance.
Tate motioned, and board member Bobby Johnson
Jr. seconded. Newman opposed.
- Voted 7-2 in favor of approving budgets 141, 142 and 143 as mentioned in last week’s workshop. Tate motioned, and Ubben seconded. Newman and board member Kenny Ridings opposed.