PORT HURON, Mich. — About 17,000 public school employees have decided to retire this year, far short of the 27,000 the state had hoped for, according to the Port Huron Times Herald.

If all 27,000 had retired, spending would have been reduced by about $670 million as younger, less expensive teachers were hired to replace better-compensated teachers who retired, the Times Herald reported.

Individual districts in the Times Herald's coverage area reported that retirements will allow them to avoid laying off other teachers.

SOURCE:
Port Huron Times Herald, "Educators take early retirement," July 3, 2010

FURTHER READING:
Mackinac Center for Public Policy, "Why is the State Bribing Teachers to Retire?" March 5, 2010

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