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Daniel Tesch, Director of Administrai <br />24 August 2009 <br />Early Retirement Incentive Program <br />315 <br />• AGENDA ITEM Eft 3A <br />• <br />• <br />STAFF ORIGINATOR: <br />MEETING DATE: <br />TOPIC: <br />VOTE REQUIRED: <br />DRAFT <br />BACKGROUND <br />Due to recent budget reductions the city needs to cut back on expenditures and part of <br />the overall budget plan to reduce staffing levels. In order to help with staff reductions, <br />an Early Retirement Incentive Program is being proposed. The program has been <br />developed as an incentive to assist employees who wish to retire and save the city <br />money by reducing salary costs. By offering this program, we hope employees who <br />are already eligible to retire do so in order to avoid laying off other employees. <br />RECOMMENDATION <br />1. Approve the attached Early Retirement Incentive Program. <br />ATTACHMENTS <br />The Early Retirement Incentive Program <br />