incentive may actually have some East Lansing Public School teachers putting
off retirement in hopes of getting a lucrative seniority bonus, says Michael
Van Beek, the director of education policy at the Mackinac Center for Public
East Lansing gives
its top three teachers in seniority up to 50 percent of their salary when they
retire, according to the teacher’s union contract. Teachers with 15 years or
more get 30 percent of their annual salary; those with 20 years get 40 percent;
and those with 25 years get 50 percent.
Teachers hired after
July 1, 1992 are not eligible for the incentive.
“If the goal is to save money by incentivizing
teachers to retire, the incentive for teachers is to hang around until you are
the top three,” Van Beek said. “Can you hang around for $35,000, $40,000? Buy a
boat when you retire? Yeah.”
Van Beek said before 2007, all retiring teachers
received up to 50 percent of the annual salary as part of a retirement
incentive. He said that was changed to just include the top three.
The lucrative retirement bonus is rare in Michigan
schools, Van Beek said.
Superintendent David Chapin didn’t respond to an e-mail and a message left at
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