The Harford County Council will hold a public hearing Tuesday night on a bill authorizing the one-time spending of up to $6,750,000 in FY2015 to pay for a Retirement Incentive Program to encourage eligible county employees to retire before May 1, 2014.
According to the fiscal note, county employees must confirm their intention to retire by February 13, 2015. Incentives will include a one-time $5,000 payment, additional sick leave payments, health insurance subsidies and a County-paid life insurance policy.
The bill also requires the County Executive to submit a report to the County Council by March 30, 2015 detailing by department the number of individuals retiring under the incentive payout, the cost per department for the payouts under the retirement incentive program and the projected savings to each department due to the retirements.
The public hearing will be held Tuesday, Jan. 6 at 7:00 PM at 212 South Bond Street, Bel Air in the Council Chambers
Bill 14-034 – Retirement Incentive FY 2015
AN ACT to make an appropriation of funds from the General Fund, the Highways Fund and the Water & Sewer Fund for the current fiscal year; to provide the necessary funding for a one-time retirement incentive for eligible County employees in FY 2015.
The full text of the bill as well as the fiscal note can be found here.
Here is the full agenda for Tuesday night’s meeting:
a. Bill 14-034 (Retirement Incentive FY2015)
LEGISLATIVE SESSION DAY 15-001
1. CALL TO ORDER
2. PLEDGE OF ALLEGIANCE
3. OPENING PRAYER – Council Member McMahan
4. PRESENTATION OF PROCLAMATIONS
5. CITIZEN INPUT
6. CONSIDERATION OF PETITIONS AND APPLICATIONS
7. SPECIAL PRESENTATIONS
a. Office of Governmental and Community Relations Presentation
b. BGE Presentation
8. APPROVAL OF MINUTES
a. LSD 14-030 (December 16, 2014)
9. INTRODUCTION AND CONSIDERATION OF RESOLUTIONS
11. INTRODUCTION OF BILLS
12. INTRODUCTION AND CONSIDERATION OF AMENDMENTS
13. CALL FOR FINAL READING OF BILLS
14. ENROLLMENT OF BILLS
15. UNFINISHED BUSINESS
16. NEW BUSINESS
17. BUSINESS FROM THE PRESIDENT
18. BUSINESS FROM COUNCIL MEMBERS
19. COMMENTS FROM ATTENDING CITIZENS