Agenda Item Title:
Approve Resolution No. 2016-059 Extending an Offer with a Limited Election Window to Eligible Employees to Elect a Voluntary Early Retirement Incentive
Origination Group:
Legal & Finance Committee
Origination Meeting Date:
08/10/2016
City Council Hearing Date:
08/15/2016
Petitioner:
Mayor Steve Allender
Staff Contact:
Asst. City Attorney Allison Creelman
Agenda Item Summary:
The Mayor is proposing a voluntary early retirement incentive for eligible employees. This is a one-time offer, with a 90-day election window, and a one-time lump-sum payment to eligible employees that make the election. A letter from the Mayor about the plan is included with this agenda item.
Funding Source & Fiscal Impact (if applicable):
| Funding | Cost Center |
|---|---|
Recommendations:
Origination Recommendation Action:
Approve