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Meeting Date:
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1/12/2015 - 7:00 PM
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Category:
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Business/Action Items
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Type:
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Action
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Subject:
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18.11 2014-15 Early Retirement Notification Incentive
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LCAP (Local Control Accountability Plan) Goal:
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Strategic Initiative 5.2 Optimal Operations and Infrastructure Ensure Fiscal stability and accountability through effective stewardship of financial assets and funding sources.
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Enclosure
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File Attachment:
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Summary:
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Upon approval by the Board of Education, staff is requesting a $1,000.00 retirement notification incentive to be paid to MDEA members who notify the District before January 30, 2015, of their intent to retire at the end of the 2014-15 school year. The first 50 employees will be eligible for the $1,000.00 incentive. Pending Board approval, the District will enter into an agreement with MDEA in order to allocate $25,000.00 from the Post Retirement Contracts for Service budget (which is not being used in 2014-15), and the remaining $25,000.00 will be funded from the General Fund.
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Funding:
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Fiscal Impact
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Up to $50,000.00
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Recommendation:
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Approve the 2014-15 Early Retirement Notification Incentive to the first 50 MDEA employees notifying of their intent to retire at the end of 2014-15, by January 30, 2015.
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Approvals:
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Recommended By:
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Signed By:
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Denise Larkins - Administrative Assistant
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Signed By:
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Leyla E. Benson - Executive Director of Human Resources
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Signed By:
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Dr. Nellie Meyer - Superintendent
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Vote Results:
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| New Motion | | Member Brian Lawrence Moved, Member Linda Mayo seconded to approve the New motion 'Approve the 2014-15 Early Retirement Notification Incentive to the first 50 MDEA employees notifying of their intent to retire at the end of 2014-15, by January 30, 2015.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 4 Nay: 0. | | The motion Carried 4 - 0 | | | | | Linda Mayo | Yes | | Cheryl Hansen | Yes | | Brian Lawrence | Yes | | Debra Mason | Yes | |
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