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How Big A Check Can He Write?
nunn
Forums Admins, Member, Moderator Posts: 36,085 ******
Comment by nunn: I am not sure what the mayor is getting at here. I don't think cash buyouts are legal in the public sector, but I am interested to see how this shakes out.
Early retirement plan could impact police, fire departments
By BRAD KELLAR
Herald-Banner Staff
GREENVILLE - A plan to offer City of Greenville employees financial incentives to retire early or otherwise leave their jobs could have the biggest impact on the city's police and fire departments, according to the city's personnel director.
Mayor Tom Oliver and the City Council finance/audit committee have asked the full Council to vote on a proposal to reduce the city staff by up to 50 positions. That vote is scheduled during Tuesday's regular Council session, starting at 6 p.m. in the Municipal Building, 2821 Washington Street. The Council is also scheduled to meet in a work session, starting at 5 p.m. Tuesday.
Oliver has proposed a "head count reduction" of the current staff, through retirement, resignations or other means. Employees would be offered financial incentives to leave, with the money taken from water fund reserves. With each employee earning an average of $51,000 in combined salary and incentives, Oliver believes the city could see a reduction in operating costs of $2.5 million.
The proposed ordinance before the Council Tuesday calls for the reductions on a "first come, first served" basis while maintaining "the same or higher level of service to the citizens of the City of Greenville."
The ordinance dictates the service levels should be maintained "without the necessity of re-filling the positions eliminated by the early retirement and/or separations of employees, either through reorganization, more efficient use of technology, or other available means."
City Manager Karen Daly would be called upon to prepare the package, reserving the right to refuse any employee early retirement/separation, while keeping in mind the ultimate goal is to reduce the city staff by 50 positions.
City of Greenville Human Resources Director Barry Robinson said if just retirees were offered the incentives, two departments could see the biggest losses in personnel.
"The majority of our employees who have the longest tenure and are eligible to retire are in the police and fire departments," Robinson said Friday, adding he did not have the exact numbers of how many employees might be affected by the move, as he had not yet received the details of the proposal.
"We don't know what the form is yet of any early retirement or early separation package," Robinson said.
Employees with the City of Greenville work under two different retirement systems.
"I'm waiting for data from them on how many are eligible to retire," Robinson said.
Employees of the Greenville Fire Department are also under their own separate pension plan, he said.
Early retirement plan could impact police, fire departments
By BRAD KELLAR
Herald-Banner Staff
GREENVILLE - A plan to offer City of Greenville employees financial incentives to retire early or otherwise leave their jobs could have the biggest impact on the city's police and fire departments, according to the city's personnel director.
Mayor Tom Oliver and the City Council finance/audit committee have asked the full Council to vote on a proposal to reduce the city staff by up to 50 positions. That vote is scheduled during Tuesday's regular Council session, starting at 6 p.m. in the Municipal Building, 2821 Washington Street. The Council is also scheduled to meet in a work session, starting at 5 p.m. Tuesday.
Oliver has proposed a "head count reduction" of the current staff, through retirement, resignations or other means. Employees would be offered financial incentives to leave, with the money taken from water fund reserves. With each employee earning an average of $51,000 in combined salary and incentives, Oliver believes the city could see a reduction in operating costs of $2.5 million.
The proposed ordinance before the Council Tuesday calls for the reductions on a "first come, first served" basis while maintaining "the same or higher level of service to the citizens of the City of Greenville."
The ordinance dictates the service levels should be maintained "without the necessity of re-filling the positions eliminated by the early retirement and/or separations of employees, either through reorganization, more efficient use of technology, or other available means."
City Manager Karen Daly would be called upon to prepare the package, reserving the right to refuse any employee early retirement/separation, while keeping in mind the ultimate goal is to reduce the city staff by 50 positions.
City of Greenville Human Resources Director Barry Robinson said if just retirees were offered the incentives, two departments could see the biggest losses in personnel.
"The majority of our employees who have the longest tenure and are eligible to retire are in the police and fire departments," Robinson said Friday, adding he did not have the exact numbers of how many employees might be affected by the move, as he had not yet received the details of the proposal.
"We don't know what the form is yet of any early retirement or early separation package," Robinson said.
Employees with the City of Greenville work under two different retirement systems.
"I'm waiting for data from them on how many are eligible to retire," Robinson said.
Employees of the Greenville Fire Department are also under their own separate pension plan, he said.
Comments
I am eligible to retire, rolling up on 25 years if I make it to October 9. Just can't afford to make the move yet.
I guess that would depend on how big a check the mayor wrote you.
Clouder..
You should all stay to spite them!
industries.
It's done all the time for economic reasons. If you
have an employee who has maxed out years ago,
quite often they can be replaced for half that salary
... and it'll take a long time before that employee's
salary will max out again. Multiply that by many
employees and you've got quite a savings!
[:D]
... often it's called 'The Golden Parachute,' in most
industries.
It's done all the time for economic reasons. If you
have an employee who has maxed out years ago,
quite often they can be replaced for half that salary
... and it'll take a long time before that employee's
salary will max out again. Multiply that by many
employees and you've got quite a savings!
[:D]
Zipper, that smiling face tells me that you took that parachute ride and probably had a VERY soft landing!
nashflash
nashflash
I don't think so. That was the Klinton thing, wasn't it? Too many strings and no funding after the first year.