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Early Retirement Plan

Tuesday, January 22, 2013

News Near By: Parkway Teachers' Early Retirement Incentive Plan Under Review

The Parkway School Board is considering delaying the review of the district's Early Retirement Incentive Plan while it waits for the Missouri State Legislature to make a decision on pensions.

The Parkway School Board is considering a delay in reviewing the district's early retirement incentive policy.  The Parkway School District's current policy allows early retirment for teachers with between 25 and 31 years of credited service in the Missouri Public School Retirment System and at least 10 years with the Parkway School District.  The program, in its current from, is set to expire in 2014 and is scheduled for review this year. However, according to district's CFO Mark Stockwell, the board is now considering delaying the review of the district's early retirment policy as it waits to see what the Missouri Legislature decides exactly about a clause in the state's teachers' retirement plan. "There's a section in the (state's) …

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