NU Schools Early Retirement 24 Feb 12

The New Ulm District 88 School Board on Thursday gave it’s approval to early retirement requests from a total of 8 staff members. Superintendent Harold Remme says that the early retirement incentive is just one of the ways in which District 88 is trying to save 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. Some of the retiree positions will not be refilled as a further cost-cutting measure. The District 88 School Board will hold another work session on the proposed budget reductions on March 6th, with the final budget cuts then being approved later in the month.