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1,360 take LAUSD early retirement offer

April 29, 2009 12:35:16 PM PDT
The Los Angeles Unified School District is offering early retirement for the first time in 17 years, and 1,360 employees have signed up to take the buyouts.The move could save some of the 3,500 nonpermanent teaching positions now at risk for layoffs.

The district is still not sure how the buyouts will affect other employees, but district officials are optimistic the early retirement plan will help keep most principals and assistant principals in their current positions.

Under the early retirement plan, teachers, counselors and administrators would get about 40 percent of their 2009-10 salary over a period of time in addition to their usual pension.

Recently, the district informed some 5,400 employees that they may be laid off as early as July 1.

Eligible employees have until May 8 to sign up for the early retirement plan.


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