For openers, we've got to hire a counselor this year to replace an interim hire, who's retired. Then Pat Krause will be retire the next year. Counselors are normally teachers who have an extra master's degree. Those would probably not be new teachers.
The final, irrevocable letter of retirement has to be done by April 1.
There were four people who are eligible to retire by '07 but want to wait until '08. We've agreed on a reduced incentive. They will incur a small financial penalty from the state retirement system and a slightly reduced annuity.
If they're eligible now, they can retire now. If they're eligible to retire in '07, they can commit now and still be part of this program.