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Monday, July 12, 2010

N.J. teacher retirement applications more than double amid budget cuts | NJ.com

N.J. teacher retirement applications more than double amid budget cuts | NJ.com

N.J. teacher retirement applications more than double amid budget cuts

Published: Monday, July 12, 2010, 6:55 AM Updated: Monday, July 12, 2010, 6:59 AM
nj-teacher-retirements.JPGKevin Stinson, a high school social studies teacher in Leonia during the protest in Trenton against Chris Christie on May 22, 2010. State figures show a spike in teacher retirement applications this year.
TRENTON -- More than 5,400 New Jersey teachers have filed applications to retire so far this month, already more than double the amount of applications filed in July 2009, according to a report on MyCentralJersey.com.
July is typically the busiest month for teacher retirement applications after schools let out for the summer with an average of 2,701 filings over the last three years, the report said, citing figures from the state Treasury's Division of Pension and Benefits.
This July, however, 5,444 teachers have filed for retirement, bringing the total for the year to 6,840 applications, the MyCentralJersey.com report said. The total retirement applications in 2009 was 3,671, the report said.

Rutgers University saves agriculture school costs with Delaware cow herd partnership

rutgers-cows.JPG

By The Associated Press

July 12, 2010, 5:31AM
BURLINGTON, Vt. — The fields and long red barns at the University of Vermont will soon house fewer cows as low milk prices, high costs and budget cuts have forced the university to sell its herd. Other institutions, including Rutgers University, are doing the same, have found other ways to cut costs, as high feed, fuel and labor prices... Full story »