Beginning next week, certified educators and staff at North Rock Creek Public Schools will have the option to participate in the district's new Investment Incentive Plan.
According to Superintendent Blake Moody, for the last two years the district has been working on forming the plan for the main purpose of helping its employees.
"The specifics of the Incentive Plan are that North Rock Creek schools will match dollar for dollar up to $100 per month every employee's contribution into their investment," Moody said. "So that's a possibility of up to $1,200 per year for every employee that participates."
Moody explained the Incentive Plan is completely optional for those staff members who wish to invest and everyone can invest as much or as little as they want.
"There are no strings attached. It is simply a way not really even to recruit staff to North Rock Creek, but to simply take care of the ones we have and that's what the Incentive Program is," Moody said.
Moody said the plan is a 403b or 457 which is very similar to a 401k plan.
Moody explained he hopes the plan will encourage young educators to invest in their future.
"School folks are not the best investors because they focus on everyone else but themselves in a lot of cases...," Moody said.
Since the Incentive Investment Plan was announced, Moody said many staff members have shown interest in it.
"We have 100 staff members. Before this plan only, 18 of them invested into a retirement account...and I've had more than three quarters of the staff personally come by the finance office at school inquiring about this program," Moody said.
Moody explained enrollment for the plan begins next week and he predicts around 90 percent of the staff will be using the program.