Baltimore to lose more than 330 of its most experienced teachers to buyout
Just 18 takers shy of the number of teachers needed to offer an early retirement incentive, the Baltimore city school system said it was confident that it would move forward with the deal, that could save at least $5 million next year.
The school system said in a story that ran today that 332 teachers with more than 10 years experience opted to take the deal, which offered 75 percent of their currently salary paid out over five years into a city school investment account. The school system was hoping to get 350 teachers to take the early retirement incentive plan (ERIP), but no more than 750.
City school officials said until the final numbers are in--teachers have seven days to change their minds--they won't know the budget impact, or have a breakdown of the group (level of experience, what schools they left, subjects taught).
An interesting development in the story was that Jimmy Gittings, president of the principal's union, said he hoped a similar deal could be offered to city administrators.
We'd heard that there were standing-room-only meetings taking place across the district since the ERIP for teachers was announced in February. Interest was high, but the number of those who committed seemed low (about 3,200 teachers were eligible).