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Fayetteville Teachers, Others Accept Early Retirement Offer

Posted: March 1, 2014 at 5 a.m.

FAYETTEVILLE -- An early retirement plan for longtime School District employees could save more than $5.6 million in salaries and benefits in the next eight years, according to a report to the School Board.

At A Glance

Buyout

The teacher and administrator buyout offer is $50,000 in equal monthly installments for five years. A classified, or support, employee will receive the equivalent of base salary not to exceed $25,000. A classified employee who is a supervisor with a base salary of at least $50,000 will receive $50,000.

Source: Fayetteville School District

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