Early Retirement Works

February 16, 2011
By

The 13 city employees who have opted to take an early retirement offered by the city and backed by the state is a money saver for the city.

For the employees who chose to exercise the option it worked out well financially but more importantly, they get out and into retirement earlier rather than working to the full measure of what is allowed.

For these 13, it was the opportunity to begin the next part of their lives, which they are all looking forward to.

This is a boon for the city as 13 employees no longer have to be paid – although their pensions must be funded and health insurance, too.

The positions have gone vacant, keeping in line with the city’s desire to cut its massive budget.

Vacant positions will not be filled,

Departments are becoming streamlined.

Longtime employees are getting out earlier.

It is a win for everyone involved.