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Council amends early-retirement ordinance to allow up to $20,000 cap after HR clarification
Summary
Council passed Ordinance 6326 on second reading to revise the Voluntary Early Retirement Incentive plan language and allow the mayor authority to approve additional payment up to a $20,000 cap; HR said the change was to accommodate a retiree's date and maintain budget safeguards.
On a motion to pass Ordinance 6326 on its second reading, council discussed language that clarifies payout timing and permits the mayor to approve additional incentive payments up to a $20,000 cap. HR representative Ms. Bradford said the change was necessary so an employee who retired Feb. 27 could receive the intended additional payment and noted that the program was designed to balance budget impacts while encouraging voluntary retirements: "There was one retiree that took advantage of it... the mayor has the ultimate say in regards... up to that $20,000," she said.
Councilors asked how many employees took advantage of the plan and whether the amount was adequate; Bradford and other administration representatives explained the incentive design accounted for the number of eligible employees and cumulative fund impacts. Council subsequently voted to pass Ordinance 6326 on first reading (recorded as 8–0 in favor for this meeting’s action).
