...many teachers nearing retirement age are putting in their papers.
For school districts, a glut of retiring teachers is a double-edged sword, because while schools can avoid layoffs by simply not filling positions vacated by retirees, the districts are also stuck with paying for retirements and other post-employment benefits (OPEB) guaranteed under current contracts. If the governor's budget bills pass, schools will have much less funding to cover those costs, but they will still pay for the previously negotiated retirement packages guaranteed to teachers.
What about the fact that the remaining faculty is paid less than near-retirement veterans? (Or aren't they?) And if the Districts have to hire new teachers, won't they be paid less?
Meantime, the Districts are still taking in the same prop-tax dollars as last year, right?
Where's all that money going?