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Overview

The Board of Education has authorized the district to offer all eligible classified and certificated employees the opportunity to participate in an early retirement incentive program. The district is working with all collective bargaining groups and the Administrators Association San Diego City Schools (AASD) to reach agreement on the Supplemental Early Retirement Program (SERP) and its implementation.

The supplemental early retirement program will provide a defined monthly benefit through an annuity plan using the employee’s salary amount for 2008-09 multiplied by current FTE (full-time, part-time, etc.) and the number of years the employee selects for the benefit to be provided. Public Agency Retirement Services (PARS) will provide information packets and information sessions, both individual and large group, after formal board action approving the implementation of the program.

• Resignation from District employment and/or retirement under STRS/PERS must be filed effective on or before July 31, 2009.
  
  
• UPDATE
  At its May 12, 2009, special budget workshop, the Board of Education accepted the Supplemental Early Retirement Plan, as enough employees have opted to take the benefit.
  
  In addition, the Board extended the application period for SDEA-represented employees to May 26.

Information on the SERP and PARS

PARS SERP ORIENTATION MEETINGS FOR ELIGIBLE EMPLOYEES: SDEA Management Classified For more information, call the PARS Plan Enrollments Department at (800) 731-7884 RETIREMENT WORKSHOPS: TBD

Frequently Asked Questions (FAQ)

Am I eligible?
Eligibility to participate for all groups is as follows:
(As of 2/18/2009. Check periodically for updates)

Eligibility	Benefit Examples
Certificated Management	AASD
Certificated Non Management	SDEA
Classified Management	AASD
Classified Mgt Supervisor	AASD
OTBS	OTBS
OSS	OSS
Confidential	AASD
Paraeducator	PARA
POA	POA

What is my benefit going to be?
PARS will provide the data you need in their packet.

What are my payment options?  
Please review the criteria for your employee category above.

When will I receive my packet?   
PARS will be sending out information/enrollment packets for each group approved by the Board.

Contact Information:

Human Resources Hotline:  (619) 725-8089.