The Board of Education is offering the early retirement incentive
to its employees in June, July and August.
The early retirement law lets employers set up different enrollment
periods for the two parts of the legislation, the traditional incentive
(Part A) and the "55-25" no-penalty plan (Part B). The board
chose to offer both parts simultaneously to conclude the program by
next school year. The plans will close Aug. 31.
"The clock is ticking, so anyone interested in the Part B plan
must act quickly," said Veronica Montgomery-Costa, president
of Board of Education Employees Local 372. "We are pressuring
the board to include Local 372's titles in Part A."
Employees should contact the New York City Board of Education Retirement
System (BERS) at (718) 935-5400 for further information.
Members may also call DC 37's Health and Pension Services Unit at
(212) 815-1200. "Members should visit BERS for detailed consultation
and calculations, but they may also contact the union if they have
questions about the full ramifications of retiring early," said
Dennis Deahn, pension advisor and director of field services for the
DC 37 Health and Security Fund.
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Retirement incentive begins for Board of Ed/CUNY
(Part B)
June 3
-
Earliest Date of Retirement for Board of Ed/CUNY
(Part B)
June 17
-
Retirement incentive begins for the Board of Ed
(Part A)
June 20
-
Earliest Date of Retirement for Board of Ed employees
(Part A)
July 11
-
Deadline. Final submission date due to
the Board of Ed (Part A)
August 10
-
Eligibility determinations made by the Board of
Ed (Part A)
August 12
-
Deadline. Final date to submit retirement
application to BERS (Part A)
August 17
-
Deadline. Final date to submit retirement
application to BERS (Part B)
August 17
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Latest Date of Retirement for Board of Ed employees
(Part A)
August 31
-
Latest Date of Retirement for Board of Ed/CUNY
employees(Part B)
August 31