8/31/2010

Early Retirement Approved

Posted by MJ

The Buffalo News reported:

The Common Council on Monday voted unanimously to offer an early retirement incentive to veteran employees. City Clerk and Budget Director Richard P. Mullaney said 19 employees were targeted for departure, most of whom will not be replaced. The cost of the incentive won’t be known until the city knows which of the eligible workers will leave. Each employee carries a different price tag, depending on years of service and the tier of the state retirement system that is involved. However, Mayor Michael W. Tucker is hoping that by 2012, the city will realize savings of $600,000 a year....
The cost difference may be a wash over the next couple years but will then reap the cost saving benefits if no one else is hired.

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