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Squeezing budgetary savings from early retirement incentives.
In today's poor fiscal climate, it seems that every state and local budget officer is being asked to miraculously part the Sea of Red Ink. The National Association of State Budget Officers projects that fiscal 2003 budgets will be even worse than those of fiscal year 2002, which were considered "severely strained." Looking ahead, state governments forecast large revenue gaps in fiscal 2004, including four states in which general fund revenues are expected to lag expenditures by 20 percent or more. (1) Cities are also experiencing severe budgetary pressures, according to the National League of Cities' 2003 Survey of Fiscal Conditions.
To deal with the financial ...
- Georgia Considers Offering Early-Retirement Incentives to State Employees.
- Newspaper article from: Knight Ridder/Tribune Business News February 22, 2003 700+ words
...proposals is to offer early-retirement incentives to teachers and state...to weigh the costs of early retirement against the potential...also are interested in early-retirement incentives, along with other ideas...
- Akron, Ohio-Based Goodyear Offers Early Retirement Incentives.(Knight...
- Newspaper article from: Knight Ridder/Tribune Business News Russell, John December 13, 2000 700+ words
...lay off employees or offer early-retirement packages. Bridgestone...declined to offer details of early-retirement incentives, saying they vary slightly...25 percent if he accepted early retirement. Workers have several weeks...
- Verizon Likely to Make Move towards Early-Retirement Incentives, Layoffs.
- Newspaper article from: Knight Ridder/Tribune Business News September 6, 2002 700+ words
...England are "surplus," a first step toward early-retirement incentives and possible layoffs. IBEW Local 2222 business...negotiations with unions over steps such as early retirement incentives, attrition, terminating unfilled jobs, and...
- Monsanto seeks cut in workforce with early retirement incentives. (Monsanto...
- Magazine article from: WWD February 27, 1985 700+ words
Monsanto seeks cut in workforce with early retirement incentives In an effort to reduce its workforce of 10,000...Co., Tuesday offered an incentive program for early retirement to all employees age 55 and older. "The textile...
- City teachers offered early retirement incentives.
- Newspaper article from: Pueblo Chieftain (Pueblo, Colorado) March 22, 2007 700+ words
...younger teachers a lot of anxiety and get a valuable bonus in the process. The Board of Education approved early retirement incentives at a special meeting Wednesday night, pending legal review. Under the plan, teachers who file retirement...
- Schools settle federal suit over age bias: Early-retirement incentives...
- Newspaper article from: Saint Paul Pioneer Press (St. Paul, MN) August 22, 2006 700+ words
...Commission, which claimed the district's early-retirement program discriminated against older...against Minnesota school districts over early-retirement incentive plans that reduced benefit...services, said Stillwater ended its early-retirement program in 2001, when the program...
- New Jersey Proposes Saving $45 Million with Early-Retirement Incentives.
- Newspaper article from: Knight Ridder/Tribune Business News April 23, 2002 700+ words
...administration is proposing to offer early retirement to state workers as well as to state...employees would take advantage of the early retirement. The state would replace about half...work smarter... we've crafted an early-retirement plan that is a fair, positive alternative...
- Early-retirement incentives can carry pitfalls
- Newspaper article from: Chicago Sun-Times Joyce Lain Kennedy March 2, 1987 700+ words
...your 30s or 40s and too young to qualify for the entire early-retirement package? You may be able to acquire a substantial amount...business. One fly in the ointment of even the most generous early-retirement packages: the complexity of tax obligations. Check with...
Source: HighBeam Research, Squeezing budgetary savings from early retirement incentives.