The Alvin Community College Board of Regents approved an early exit incentive by a unanimous vote during their meeting on November 20.
Under the plan, employees who have worked 15 years or more at the college may receive a tax-deferred payout for 75 percent of their annual salary.
Regents will vote on the final approval of the of the plan based on enrollment during the February 26, 2015 meeting.
The consultants project that the incentive would save the college between $400,000 and $587,000 over the five-year period if all positions are replaced.
The plan is administered by the Public Agency Retirement Services company.
In other action, ACC Community Advisory Committee members Lisa Butler and Pam Goergen delivered a presentation to the board regarding the committee’s first meeting in September. Butler and Goergen told regents that the committee offered several suggestions for the college to consider for the future including expanding facilities, adding to the Dual Credit program and increased opportunities for workforce development
The committee members included elected officials, business and industry leaders, education professionals and ACC alumni.
“Our goal was to generate feedback on how to improve ACC as an institution,” said Goergen, an ACC graduate. “The benefits of the discussion were absolutely phenomenal.”
Some of the biggest challenges the college will face in the next several years will include facilitating population growth in the west side of the district.
“It is for all of the tax base, so go west,” Butler said.
Also during the meeting, regents voted to increase the tuition rate for the 2015-16 school year. Students living in the district will see a $1 per credit increase. Tuition for students outside the district will increase $2 per credit and the non-resident student tuition rate will increase $6 per credit.
The Dual Credit costs will remain the same. Students who attend Dual Credit courses at Manvel and Alvin High School will pay $25 per credit hour along with a $30 registration fee. Dual Credit students at other high schools including Pearland, Dawson, Turner, Danbury and Living Stones High Schools will also keep the same rate of $44 per credit hour plus a registration fee and possible course fee.
Regents also voted to approve:
-Grant proposal for Nursing program
-Resale of trust property
-personnel positions including campus police officers, financial aid advisor and faculty positions in Nursing, Management and Psychology.
-monthly financial reports
The board will have its next meeting on January 22, 2015 at 7 p.m. at the Nolan Ryan Center.