As many as 7,500 public workers in South Carolina could decide to throw in the towel next year when an incentive program that keeps employees working after retirement age ends in 2018.
According to a report from the Associated Press, about half of those workers are teachers, which means that the state could be in for a major teacher shortage, as well as losing other public workers.
The Columbia, SC newspaper The State is cited in the report that, under a 2012 law meant to shore up the state’s pension system for public workers, the program known as the Teacher Employee Retirement Incentive program, or TERI, will officially close June 30, 2018.
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