Financial Incentives Not Enticing Teachers To Resign

FORT WORTH (CBSDFW.COM) – School officials in Fort Worth say they are still about 300 teachers short of their goal for resignations or retirements.

So far, some 400 teachers have decided to take advantage of financial incentives to leave early.

Despite not reaching the goal number, Fort Worth ISD spokesman Clint Bond said, “I think to say that we have fallen short is premature.”

The school district is hoping for more voluntary exits to help trim next year’s budget.

“We’re not through with the program yet and we anticipate that more people will go ahead and let us know,” said Bond. “We still are hoping for about 700 and people are still making up their minds and I think they will during Spring Break. I think people will have time to sit down with their families and talk about it.”

A voluntary resignation could bring a 10-percent salary bonus, but as time goes on that percentage declines. The bonus percentages will continue to drop until March 30.

But there is another option — some long-time teachers can take advantage of what’s called “terminal pay.”

“It’s a one-time payment based on your longevity and your highest salary,” explained Bond. “ And you get a significant piece of money when you do decide to retire from the district.”

FWISD officials said 85-percent of the district budget is spent on personnel costs, so staff reductions are mandatory to reduce expenditures.

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  • Chris K

    At a time when schools should be hiring they are trying to run good teachers out. This is just sad, Texas used to be a nice place to live before the republicans moved in and took over.

    • YRofTexas

      Before the “republicans moved in and took over”, there was segregation, Chris K!
      I moved here in 1966 to segregated schools, and the democrats were running the show! There were few republicans; voters were primarily democrat. Collin and Dallas counties were democratic; not republican. As the years passed, republicans from the north and west moved in…then good changes took place.
      You are speaking from ignorance! You know not the history!

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  • Lynne S

    Such a devistating thing to happen – and we were warned years ago! Gov. Perry decided that the comptroller didn’t know what she was talking about. What makes me curious is how districts like Lake Dallsa ISD can cut teachers, offer the same incentives to teachers to leave the district, but manage to give the superintendent a RAISE (she took it when neighboring superintendents did not), find money to give administrators a bonus for the hard work their teachers did last year in tests, and, I just learned that the have a brand new board room with big screens and technology. How much did they spend on themselves instead of educating the students??? Now they are willing to let students pay tuition to attend their schools. If I knew who to report them to, I would. Hopefully someone at the station will investigate this one.

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