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Board approves supplemental retirement plan after PARS reports 27 signups
Summary
Trustees approved a supplemental retirement plan to enact a PARS early‑retirement incentive accepted by 27 employees; staff said the upfront cost is about $1.8 million and long‑term savings depend on how many positions are refilled.
The Redondo Beach Unified School District Board of Education on Feb. 10 approved a supplemental retirement plan to implement an early‑retirement incentive offered to certificated and classified employees.
Dennis Yoo, executive vice president with PARS, told trustees the program produced 27 retirements — 13 from the certificated RBTA group and 14 from the CSEA classified group — with an average retiree age of about 62 and roughly 25 years of service. "The plan achieved a total of 27 retirements," Yoo said during his presentation.
Yoo presented replacement scenarios showing potential payroll…
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