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Vallejo board approves retirement incentives and supplemental retirement plan to reduce long‑term liabilities
Summary
Trustees authorized a $1,000 early‑notification incentive and a supplemental employee retirement plan (SERP) that would pay 70% of a participant's final salary spread across five years; staff estimated about 110 employees may qualify and projected roughly $6 million fiscal impact across the plan.
The Vallejo City Unified School District board approved two related retirement measures intended to reduce long‑term payroll obligations and assist workforce planning: a one‑time $1,000 early‑notification incentive (Resolution 5120) and a supplemental employee retirement plan (Resolution 5121) that would fund annuities equal to 70% of a participant’s final annual salary.
Staff said the early‑notification incentive—available to employees who submit irrevocable retirement or resignation notices by April 3, 2026—is intended solely to aid district staffing and…
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