Employees are being offered $10,000-$12,000 to retire this summer.
MONTGOMERY COUNTY, Md. — Montgomery County Public Schools (MCPS) officials are offering employees nearing their retirement a buyout to avoid having to lay them off. On Friday, school officials sent a letter to eligible employees stating that “if you are considering retirement this school year, MCPS is offering a one-time financial incentive for eligible employees who [voluntarily] retire by July 1” based on the Maryland State Retirement and Pension System.
This offer comes after the county council approved a $7.9 billion budget on Thursday, which left the
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