INDIO CITY MANAGER OFFERS EMPLOYEES A MONETARY INCENTIVE FOR VOLUNTARY RETIREMENT OR RESIGNATION
In an effort to tighten Indio’s budget bottom line and to minimize potential layoffs down the line, Indio City Manager Glenn Southard has announced an enticing incentive for employees considering early retirement or resignation.
The incentive program offers permanent, full-time, non-management employees 50% of their annual salary, up to a maximum of $50,000 to voluntarily resign or retire on or before June 30, 2009. (Additional PERS service credit will not be part of the incentive program.)
“We’re doing everything we can to get through this difficult financial time without painful furloughs or layoffs,” says Indio City Manager Glenn Southard. “We believe this incentive will prove cost effective in the end by enabling us to trim costs in a creative manner.”
Aside from this effort, the City has also left a variety of vacant positions unfilled in anticipation of the financial downturn. Indio has a balanced budget using resources from prior years, but enters the 2009-10 fiscal year with a $14 million deficit.
Mr. Southard will be available for media interviews between 10:30 a.m. and 11:30 a.m. today at City Hall. For more information, please contact Mark Wasserman, Assistant to the City Manager, at 760.391.4014.