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Board approves early severance plan offering $85,000 403(b) buyout to eligible staff
Summary
The Birmingham Board of Education unanimously approved an early severance plan that offers eligible employees an $85,000 payment placed into a 403(b) over five years; the district says the measure is intended to reduce payroll costs and allow staffing adjustments through attrition.
The Birmingham Board of Education on March 17 approved an early severance plan that would offer eligible employees $85,000 placed into a 403(b) over five years, a measure Superintendent Dr. Roberson said is intended to reduce payroll expenditures and allow restructuring through attrition.
Dr. Roberson told the board the plan targets employees who have worked in the district at least 12 years or who are already eligible for retirement. "The proposal that we're looking at, would look at, teachers who have worked in Birmingham for at least 12 years, or who are eligible for retirement, for them to take an early severance plan," she said during her report.
The sup…
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