Offer Retirement Incentive to Eligible State Employees
It is estimated that almost 500 state employees are eligible for retirement. Offer a retirement incentive that is cost effective when balanced with prospective new employee salaries.
-
Jethro commented
I think you are on to something, but this could use some refinement. First, it should be mandatory that those who have met the rule of 90 retire. Secondly, allow those who have met the rule of 85 to retire as if they have met the rule of 90 however they must forgo their sick and vacation leave payout to get the extra points.
-
Debbie commented
Often the long term workers are not as productive as their co-workers with less time. The problem is the state system is set up so supervisors do not want to address the productivity issue because the employee "may retire soon."
-
Terry Kramer commented
Buy out programs allow for the 55+ employee to retire early. Their higher salary allows for the hiring of 2 or 3 lower (entry) people for the same money, or the reduction in buget with out the loss of FTE.
-
NOITALL2010 commented
The initial idea states retirement "incentive". Voluntary, not mandatory.
-
Joe Swank commented
Let a worker work until they die if they are stil productive, don't try and kick them out on the street sooner then they have to be.