10-10354rRESOLUTION NO. 10354
RESOLUTION AUTHORIZING AONE-TIME EARLY RETIREMENT INCENTIVE
PROGRAM FOR CALENDAR YEAR 2010
WHEREAS, the City has determined that it will face significant state aid reductions
for calendar year 2010 and beyond, and
WHEREAS, such reductions in state aids represent a significant portion of the City
2010 budget, and
WHEREAS, such reductions in state aids will require significant cuts in the City
2010 budget including likely necessary staff reductions and reduction in services, and
WHEREAS, the City Council finds that it is desirable to approach staff reductions
through attrition. and retirement of existing employees to the extent possible in order to
minimize staff layoffs; and
WHEREAS, in order to facilitate the opportunity for eligible- City employees to take
advantage of their respective retirement option, financial assistance be provided to help
defray the future costs associated with medical insurance premiums for such employees;
and
WHEREAS, a program providing for such an Early Retirement Incentive has been
prepared and is ready for implementation.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of
Richfield hereby adopts the attached Early. Retirement Incentive Program, dated March 23,
2010, and directs the City Manager to implement such program.
Adopted by the City Council of the City of Richfield, Minnesota this 23rd day of
March, 2010.
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Debbie Goettel, Mayor
ATTEST:
Nancy G' b ,City Clerk