School Incentive Plan finalized - WALB.com, Albany News, Weather, Sports

School Incentive Plan finalized

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By Karen Cohilas - bio | email

ALBANY, GA (WALB) - An early retirement buyout for employees of the Dougherty County School System will save close to $200,000 over the next year. In total, 18 employees took the system up on it's offer. Most of the positions will be replaced, but not all.

The Technical term used to describe this program is the Alternate Career Incentive Plan. It was offered to employees with at least 25 years of service. And on Wednesday, the school board made those offers official.

It was a plan put in place to try to save money during a tight budget year. And it looks like that plan is working. "Total cost of the system of their salaries and benefits is $991,000 in round numbers, the cost of the payout is approximately $180,000."

Buying out teachers, counselors, custodial employees with at least 25 years of service. And hopefully bringing in a new, younger group of employees to save the system cash.  Finance Director Robert Lloyd said, "We estimate it will bring younger staff without the years of experience in there and the plan will pay for itself in the first 12 months."

Not all of those positions will be replaced, and some current employees may be shifted around. Lloyd said, "There may be some recycling of staff which means we don't have to replace, we can put other staff into those positions based on student counts for next year."

Of the 18 positions, at least two won't be filled, those are para-pro positions. The goal in replacing the other positions is that they will be filled with people with fewer years experience and in turn, will not receive as high of salaries as those who have retired.

School system officials expect the retirement buyout will pay for itself within the first year based expected savings.  

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