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  • Sunday, April 27, 2008

     

    SPECIAL REPORT:OUSD RETIREMENT BUYOUT PLAN SURPASSES GOALS

    SPECIAL REPORT
    ORANGE Unified Schools INSIDE
    a news service of Orange Net News /O/N/N/ Independent insight into OUSD

    OUSD RETIREMENT BUYOUT PLAN SURPASSES GOALS

    The Orange Unified “Golden Handshake” Supplemental Retirement Program has surpassed its goals and projections for participants to make it cost effective for the OUSD to offer up to a 6% retirement bonus for staff members. The program, to be administered by the Public Agency Retirement Services (PARS), will now go to the OUSD School Board for final approval at the OUSD Regular May 8th School Board meeting. The district has extended the deadline to “opt-in” until Friday May 16th. Those who signed up for the program may not now “opt-out”.


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