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o The cash equivalent of nine (9) months of the city's contribution towards the employee's selected health premium in effect at <br />the time the incentive program is adopted, or the cash equivalent of 9 months of the $290 waiving benefits. <br />If authorized, all employees approved for this program would continue to receive the normal separation benefits available <br />through current labor agreements or the non -represented vacation and sick leave program. <br />Note: If too many employees were to choose to retire form one department and it created a hardship for the department to <br />operate, employees may be required to stagger their retirement date as determined by their department. <br />Recommendation: <br />Motion to approve the Personnel Committees recomendation to offer a voluntary early separation program. <br />Funding Source: <br />Funding required to offer this voluntary early separation program would come from the 2012 general fund and would result in a <br />overall net saving for the year. <br />Council Action: <br />Motion to approve resolution 12-03-XXX confirming the recommendation of the Personnel Committees to offer a voluntary <br />early separation program. <br />Resolution <br />Inbox Reviewed By <br />Kurt Ulrich Kurt Ulrich <br />Form Started By Colleen Lasher <br />Attachments <br />................................................................................................. <br />Form Review <br />Final Approval Date 03/08/2012 <br />Date <br />03/08/2012 04 51 PM <br />Started On U3/05/2012 08 20 AM <br />