At the August 10 Legal & Finance Committee meeting, Mayor Allender has a proposal on early retirement for city employees. In a letter to the council, he asks them to approve a resolution that would provide a bonus equal to three months' pay to eligible city employees who agree to retire by the end of the year. Although the initial cost would be high, Allender believes it would be an overall savings for the city as new employees would come in at a starting wage.
The early retirements would be voluntary and available to any employee meeting the requirements, including 20 years of service with the city. Allender mentions in his letter that there are at least 92 employees who would qualify.
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