Black Hills Knowledge Netowork

The budget could take several weeks to work out. Early retirements could help balance it.
The budget could take several weeks to work out. Early retirements could help balance it.
Scott Hall
August 8, 2016

Rapid City Mayor Proposes Early Retirement Incentive

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.

More stories related to the Legal & Finance Committee can be found in the Black Hills Knowledge Network's online news archive.

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