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County approves voluntary retirement incentive using retiree health fund, with monitoring and caps
Summary
The board approved a voluntary retirement incentive program to encourage employee attrition, offering two phased payment scales to a health reimbursement arrangement, capped at $50,000 per person and $2 million overall and subject to monitoring by the CAO and budget ad hoc.
El Dorado County supervisors voted to approve a voluntary retirement incentive plan designed to encourage eligible employees to retire earlier than planned by offering contributions to a health reimbursement arrangement, with program caps and monitoring requirements included by the board.
Human Resources Director Joey Carrasco told the board the plan offers two phases of payments: employees who retire before the end of the current calendar year would be eligible for $2,500 for each year of full-time service; employees who separate prior to the end of the fiscal year would be eligible for $2,000 per year of full-time service. Carrasco noted part-time service would be prorated.
The board approved the program with additional language…
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