Indianapolis Public Schools are looking for ways to save money. The buyouts will be offered to up to 150 teachers
INDIANAPOLIS -- As Indianapolis Public Schools looks for ways to save money, the district is offering many teachers a buyout of thousands of dollars if they retire by the end of the year.
Cindy Shaw has been a teacher with IPS special education for 40 years. But she is one of about 150 teachers IPS is offering a $20,000 incentive to retire.
"We've laughed. Lots. You have to have humor if you're in education," Shaw said. "It's hope. They've always given me that sense of hope."
The only other person to top Shaw's tenure with IPS is Meredith Sickmeier, at 44 years.
"I want to leave when people are sad to see me leave -- as opposed to, 'When is she going? When is she going to quit?'" Sickmeier said. "And then when I heard, it was like, 'That's it.'"
The teachers who were offered the package have until next Friday to decide whether they'll take the buyout. As of Thursday evening, 35 teachers have already said they will take the payout.
MORE TOP STORIES | Suspect arrested in connection with fatal shooting in Meijer parking lot | Two women killed in violent Speedway crash identified | New details revealed in brutal Howard County courthouse attack on Koontz family | News that Shelby Street will close for seven months surprises business owners on Indy's south side | Father dies after rescuing daughter from car after it plunges into pond on Indy's north side
Top Trending Videos
Sammy Terry was the green-faced host of Nighttime Theater, a weekly scary movie show that aired for decades.
The Indianapolis Airport Authority received nearly $20 million in federal and state grants this year, the largest in history for the airport.
Police are searching for a person who ran from a fatal crash Thursday morning on Indianapolis' east side.
Irvington residents are dealing with an abandoned business littered with trash and damaged cars.
If police recover your stolen car, should you have to pay to get it back? A south side man is finding out the answer the hard way.