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Budget committee backs early-retirement insurance benefit for employees with 30 years of service
Summary
The budget committee recommended advancing a proposal to let employees with 30 continuous years of service retire with the county paying 100% of individual medical coverage until age 65; committee estimated per-retiree cost around $10,000/year and recommended considering offsets from replacement hires and longevity savings.
Budget committee members presented a proposed early-retirement benefit that would allow county employees with at least 30 continuous years of service to retire and receive individual medical coverage paid 100% by the county until they reach Medicare at 65. The program would not provide family coverage and…
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