Q: When is the deadline for submitting by
retirement letter to the district?
A: If you are planning on retiring, you
need to submit a firm letter of intent at least 150 "calendar"
days before the effective retirement date. For most people
that would be February 1 if you are planning on retiring at the
end of a school year with an effective date of July 1. If
you are retiring on a date different than July 1, then simply
subtract 150 calendar days from that effective date.
Q: What is the retirement incentive?
A: Payment into a 403(b) money equal to
$1,000 per year of service starting at year 15 and up to a
maximum of $25,000.
Q: What are the requirements in order
to receive the incentive?
A: Must be a full time WCSD 10 month
employee with 15 years of continuous service in the district,
and be within the first year of eligibility to retire from the
NYS Teacher Retirement System.
Q: Do I get health insurance when I
A: If you have completed 15 continuous
years of service in WCSD and are between the ages of 55 and 65
the district will pay 100% of a single health care and dental
care premium up to the maximum cap. At the time of
retirement you may also opt out receiving paid healthcare from
the district and instead receive $75 for each sick day that you
have accumulated with no maximum into a qualified 403(b)
Q: What should I take the 100% health
insurance paid by the district or the buyout of $75 per unused
A: You should take what ever
would pay you more money. You would potential use the
money from the buyout to buy health insurance from the district.
Back to the top of page