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School district to pay out $500,000 for early retirement

The school district will pay out $500,000 in early retirement incentives as part of its effort to reduce costs in the coming school year.

The school district will pay out $500,000 in early retirement incentives as part of its effort to reduce costs in the coming school year.

In all 20 employees accepted bonuses of $25,000 each, superintendent Brian Pepper confirmed this week, under a voluntary retirement incentive plan offered to 49 school district employees.

The action will reduce the school district's payroll by $1.6 million. Take away the $500,000 and the total savings is $1.1 million.

"And that's just in the first year so it was a good move," Pepper said.