Laserfiche WebLink
Workforce and Financial Impact <br />Based on the number of employees nearing their expected retirement date, it 'is prof voted that as <br />many as fire (5) full -time employees would strongly consider the early retirement plan} Based <br />on this figure, and estimated wages, the financial impacts are projected in the table below. <br />The estimated annual savings assumes these positions will remain unfilled. If the position is <br />filled, a small savings would result if a new employee was hired at a lower pay rate, and/or a <br />lower benefit accrual schedule <br />Council Action Requested <br />Lotion to approve as submitted or with revisions; the early retirement plan, and direct Staff to <br />offer the Plan to employees in a timely manner. <br />