Black Hills Knowledge Netowork

Mayor Allender had identified 92 employees who were eligible for early retirement.
Mayor Allender had identified 92 employees who were eligible for early retirement.
Scott Hall
December 13, 2016

Early Retirement Plan Sees Smaller Than Expected Savings

Rapid City will see savings in coming years from Mayor Allender's early retirement plan, just not as much as was hoped. In August, the city council approved a plan to offer employees eligible for retirement a bonus equal to three months of pay if they agreed to retire in December. The payout would be balanced by the savings from hiring new workers at a starting wage.

The mayor stated in a letter to the city council that 18 employees took the payout, providing an expected savings of $303,393.57 per year for a one time cost of $330,220.80. Reporting on the topics, the Rapid City Journal noted that Mayor Allender had hoped that about half of the 92 eligible employees would take the payout, but is still happy with the result.

More information on area budgets is available through the Black Hills Knowledge Network's online news archive.

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