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exchange for three (3) months severance pay, and twelve (1 -)) months <br />health/dental coverage. <br />b) Employees electing to voluntarily resign would receive a payout of their earned <br />vacation and compensatory time in addition to the incentives noted above, <br />e) A window of opportunity would be established, probably thirty (30) days. <br />d) Management would reserve the right to grant or deny this option under certain <br />circumstances based on whether it would create are immediate hardship for the <br />City to deliver an acceptable level of service, <br />3) Layoffs (if necessary). <br />a) In the event that an ill&tfficient reduction in workforce is achieved through <br />attrition, early retirement, or voluntary resignation} the City would initiate layoffs <br />for selected positions, <br />b) The City woUld not offer any incentives under this option, but some severance <br />package would be offered, <br />c) Employees placed on layoff status would receive a payout of their earned <br />vacation and compensatory time and three (3) weeps severance pay and eight (8) <br />fours of severance pay for each lull year of completed service, <br />Council Action Requested <br />staff is requesting direction front the Council on the Budget Reduction Plan. peci f icall , we <br />request a motion :authorizing Staff to work out the details of the voluntary workforce reduction <br />plan described in concept above, and to present that plan to the City Council on Monday, April <br />14 for approval. <br />E <br />