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MISD Early Retirement Plan
by DJ Kauffman Correspondent · March 2nd, 2017

On Monday, Feb. 27, at 4:30 p.m., The Marion Independent School District Board of Education initiated a voluntary early retirement incentive package proposal for employees district-wide who are age 55 prior to July 1, 2017, and who have worked 15 or more years in the MISD as of July 1, 2017.

The purpose of this plan is to provide the District's employees with the option and opportunity for early retirement from their employment with the District. This Early Retirement Plan is designed to show the District's appreciation for the services an employee has rendered to the District.

The package includes an annual installment payment to the retiree's Employees' Health Reimbursement Arrangement Account on Sept. 1, 2017, 2018, and 2019. The payment will equal 50 percent of the retiree's approved salary schedule.

The Board of Education has determined to make the offer fiscally prudent, a minimum of 11 certified employees must accept this offer. If fewer than 11 certified employees apply, the Board reserves the right to rescind the offer. If the Board rescinds this offer, notification will be made no later than March 23, 2017.

The Board Agenda states, those interested are to "submit a signed statement of acceptance for this offer, including a voluntary resignation letter effective the end of the 2016/17 school year on or before March 15, 2017."
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