SRP
Supplementary Retirement Plan (SRP)
On February 6, 2025, the Board of Education adopted a resolution to offer a Supplementary Retirement Plan (SRP) or Early Retirement Incentive Program for eligible employees. The District is working with the Public Agency Retirement Services (PARS) to manage this program. The SRP would be offered contingent on the District meeting its fiscal and operational objectives in each employee group (Classified, Classified Management, Certificated, and Certificated Management).
Eligible employees will receive a communication letter from PARS with individualized information in mid-February.
Informational meetings are scheduled with PARS for:
Orientation #1 - February 24, 2025 from 3:30 to 4:30 pm
Orientation #2 – February 27, 2025 from 3:30 to 4:30 pm
Orientation Meeting Presentation
Individualized workshops are scheduled for:
Workshop #1 - March 19, 2025 at El Toro High School, MPR from 3:00 to 6:00 pm
El Toro High School Parking Guide
Workshop #2 – March 20, 2025 at El Toro High School, MPR from 3:00 to 6:00 pm
El Toro High School Parking Guide
Any additional dates will be announced.
Presentation
SRP Board Presentation
The staff presentation to the Board of Education regarding the SRP is available here.
Frequently Asked Questions (FAQ)
This document answers many frequently asked questions.