The New Ulm District 88 School Board will be considering early retirement requests from a total of 8 staff members this (THU) evening. The early retirement incentive is part of the list of proposals intended to save the district more than a million dollars through various budget reductions. Allowing higher-paid teachers to retire early will save District 88 an estimated $200,000 next school year. The average difference between what the district spends on an experienced teacher and on a new teacher is around $25,000 per-year. Some of the retiree positions will not be refilled as a further cost-cutting measure. In other business, the school board is scheduled to approve policy revisions. This evening’s meeting begins at 7pm at the District Administrative Center in New Ulm.