Urbana schools retirement policy goes into effect immediately
By Amy F. Reiter
Wednesday August 29, 2007
Like sprinters, the Urbana school board bounded through its first business meeting of the academic year, clocking in at only 12 minutes.
The meeting was long enough to approve a retirement policy backed by state law. The policy, which goes into effect immediately, states that teachers in their final year in the schools cannot earn more than 6 percent more than their regular pay unless the district pays part of that retirement income.
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