Posted: August 05, 2016
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF081016-10

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:
City Council Hearing Date:
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


Origination Recommendation Action:

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