Today -- more than ever -- school districts are "mandated" to raise the quality of education and to increase academic performance.

Yet -- at the same time -- school districts are currently faced with:

• GASB Liability Reduction due to a declining funding base, and in some cases, rapidly changing Average Daily Attendance (ADA).
• A Maturing Employee Population which includes individuals who are tired of teaching but cannot afford to retire. As shown below, approximately 20% of a district's teacher population is age 55 and over.

Many districts have attempted to encourage early retirement through the use of plans such as the "Golden Handshake" and Consultancy/Pasadena -- often with mixed results.

Now there is a promising alternative, the Supplemental Employee Retirement Plan (SERP), a program designed exclusively for schools by Keenan & Associates, the school specialist.

SAMPLE DEMOGRAPHICS - Certificated Employees