At the December 1, 2010 Board of Education meeting, the Board voted in favor of approving a new teacher contract with the Rochester Education Association. Highlights of the contract are listed below. The contract covers three years, from September 1, 2009 through August 31, 2012. Effective June 30, 2012, the Early Retirement Incentive Plan (ERIP) will be terminated. Financial Impact: A savings of approximately $42 million over the next 30 years. Teachers will participate in … [Read more...]