When an ERIP has occurred previously, how has it affected boards that chose to participate?
In an NJSBA survey of the 93 districts that participated in 1991 and 1993, it was reported that districts indicating no significant savings clearly outnumbered those that said they saved money. Districts costs, depending on the level of employee participation, ranged from nearly $90,000 to more than $11 million- with an average cost of more than $2 million. Significantly, 36% of participating districts indicated that costs exceeded what had been anticipated and only 11% of participating districts said they would participate again. For further results see NJSBA Survey.
