Fresno Unified held its last board meeting of the year and approved a retirement incentive that they said could save the district tens of millions in the next five years.
An early retirement incentive by the district in collaboration with Public Agency Retirement Services (PARS) was presented at a meeting early in October. Projections by PARS from October estimate that 459 retirements could save the district $35 million over five years.
At Wednesday’s meeting, a presentation by PARS Executive Vice President Dennis Yu showed that 573 employees signed up for the retirement incentive, raising the district’s projected savings to over $56 million…