November 23, 2014
RENO, Nev. (AP) - Washoe County School District trustees have approved early retirement applications for 68 employees.
The Reno Gazette-Journal reports the Tuesday action could ease the need for layoffs as the district faces a projected $40 million budget shortfall in the upcoming fiscal year.
Of those who applied for early retirement, 42 are teachers and 11 are administrators.
The district's early retirement program allows employees to receive the program's one-time stipend after 15 years, instead of 20. The stipends range from $3,500 to $24,000 depending on experience and type of job.
Officials say early retirements represent some savings for the district and also will open some opportunities for teachers who might otherwise lose their job because of the budget.