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Councilmember Tossey introduced the following resolution and moved for its adoption: <br />RESOLUTION #12 -03 -040 <br />RESOLUTION TO OFFER A VOLUNTARY EARLY SEPARATION PROGRAM <br />WHEREAS, the city of Ramsey may desire to establish a voluntary early separation <br />program in order to reduce salary expenses and to meet business needs in tough economic times; <br />and <br />WHEREAS, staff analyzed several program design options and has determined the <br />following program to be the most cost - effective: <br />Employees with 10+ years of service at time of termination (includes cumulative total for <br />non - consecutive service and /or pro -rated part-time service) shall receive: <br />1) The City will provide the terminating employee, a payout of $10,000. For each <br />additional full year of service above 10 years, an employee will receive an <br />additional $500 for each year of service, to a total maximum of $22,500 (35 years <br />of service) and, <br />2) The cash equivalent of nine (9) months of the city's contribution towards the <br />employee's selected health premium in effect at the time the incentive program is <br />adopted, or the cash equivalent of 9 months of the $290 waiving benefits. <br />WHEREAS, if approved, the program would be strictly voluntary and open only to those <br />City employees who meet the requirements listed below: <br />1) Must be a regular employee of the City with a minimum of 10 years of regular service <br />AND: <br />A) Who is at least age 55 years and eligible for a full or reduced PERA Coordinated <br />Plan annuity; or <br />B) Who is at least age 50 years and eligible for a full or reduced PERA Police and <br />Fire Plan annuity; or <br />C) Meet the above age requirement for your PERA plan and are receiving PERA <br />disability benefits; and <br />WHEREAS, Employees must submit a letter of interest to Human Resources by May 31, <br />2012. Employees must agree to leave employment with the city no sooner than June 30, 2012 <br />and no later than December 1, 2012 <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br />Offer eligible employees the following early separation benefit: <br />