DISD Board Officially Approves Buyout Offer For At-Will Employees, Beginning This Saturday
This is who's allowed to take the early cash-out, per the district's announcement following today's called board meeting: "Eligible employees include maintenance staff, custodial staff, food services staff, teacher assistants, front office staff, central staff, and other support staff."
Those wishing to take the so-called "early resignation incentive" can begin lining up at 6 a.m. Saturday outside of 3700 Ross, with the cutoff right now scheduled for April 8. Those who take the deal will receive 15 percent of their salary -- up to $10,000. But the board has only allocated $2 million this go-round. From the district:
Hourly/biweekly employees may receive 15 percent of their base salary, which would be calculated as their required daily working hours multiplied by the number of required workdays multiplied by their hourly rate.
Employees who take advantage of the offer are being given the opportunity to work through Aug. 31, 2011, enabling them to maximize their retirement benefits. Employees who already may have used all of their sick leave/annual leave and who choose to leave the district prior to Aug. 31, 2011, may owe the district money.
Part-time and temporary employees, as well as alternative certification interns and probationary contract employees are excluded from this offer. Contract employees also are excluded.