The Vancouver Education Association and the Vancouver Public Schools have entered into an agreement for a one-time early retirement stipend of seven thousand, five hundred dollars ($7500.00), for VEA members submitting a Letter of Resignation dated June 19, 2019, due to retirement.
This one-time early retirement stipend is to be paid at the end of the 2018-2019 contract year and is taxable income. This stipend is not precedence setting for future years.
Members who qualify for the one-time stipend must complete the following by June 3, 2019 (VEA members who have already completed the qualifications will also receive the stipend). Qualifications for the one-time early notification retirement stipend are as follows:
- Meet Washington State eligibility for retirement status
- Provide the District with a copy of their Department of Retirement Services (DRS) Acknowledgement Letter, demonstrating initiation of retirement applications with DRS
- Complete District resignation form dated June 19, 2019
- Signed resignation form must be submitted to Human Resources by June 3, 2019
The VEA values their senior members and has entered into this agreement to provide an additional incentive as they consider whether this is an appropriate time to retire. It is our sincere hope and expectation that the cost savings to the district will be used to mitigate announced cuts.
For accurate information regarding your retirement eligibility, please contact the Department of Retirement Services at 1-800-547-6657.