The Iowa Falls School District has adopted a new early retirement system that administrators and school board members hope will eliminate arbitrary incentives and give district employees some predictability as they plan for retirement.
The system was first proposed by Superintendent Tony Neumann in October. Every fall the board considers whether to offer an early retirement incentive to staff. In the past, the decision has been two-pronged: whether to offer it, and at what percentage of salary. Through the old system, the board would decide on a salary percentage - anywhere from 25 percent to 75 percent - and staff who qualified for early retirement would decide whether to accept the offer based on the percent being offered.