The comments posted on this message board represent the individual opinions of their respective posters only and are not to be construed as statements of proven or alleged fact.
Agree with Gus somewhat, I don't think teachers in the system now have much if anything to worry about. Twelve retirements how many are there in a normal year.
As for a couple of administrators leaving maybe they got better job offers and promotions. You might want to take that now . One possible change is to lengthen the average number of years to compute the average for retirement pay. But barring a constitutional convention, don't much in the way of changes.
IIRC, this wave of retirements was spurred by the terms of a teacher contract negotiated 2-3 years ago. My recollection is that there was a window in which teachers had to declare their intention to retire and a deadline by which they had to retire. I vaguely remember some newspaper articles describing the terms of the plan; it's probably also described in Board minutes from whenever it was agreed. I can't remember exactly what the incentive was for taking retirement. If you have old copies of the Glenbard News emails, you can see the lists of teachers planning to retire in 2009 and 2010 in the emails summarizing Board meetings in May - July 2007. I think the big wave is the set of teachers who retired effective this past Friday. A smaller wave retires this January after the end of the first semester. I can't recall if there was a wave last June or not.
One other possibility is that if you're looking to retire to someplace like Arizona or Florida now would be the time to do it. House prices there have gone down dramatically while we've obviously lost value around here not nearly as large as in those places.
