District proposal for a 2024-25 Supplementary Early Retirement Plan (SERP)

This week the District provided SDEA with a proposal for a Supplementary Early Retirement Plan (SERP) for the 2024-25 school year, and the SDEA bargaining team is calendaring a date to bargain over this offer. Briefly, the proposal is to offer 70% of final pay, paid out over 5 years for qualified employees. You can read the full proposal here.

Please note: This offer is not yet in effect, and the specific mechanics (such as when members should submit, specific steps, timelines, etc.) need to be decided at the bargaining table. This means that SDEA Leaders may be unable to answer some questions right away. However, SDEA will collaborate with the District to schedule informational sessions to make sure members have the information they need regarding this offer.

Until the final details are available, members considering retirement can access additional resources here.