Resolution 474-2008
RESOLUTION NO.
474 - 2008
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF
MONROE COUNTY, FLORIDA, ELIMINATING SECTION 11.03A OF
THE PERSONNEL POLICIES AND PROCEDURES WHICH PROVIDES
FOR A RETIREMENT "BUY OUT" PROGRAM DURING THE MONTH
OF JUNE EACH YEAR.
WHEREAS, on August 15, 2007, the Board of County Commissioners adopted a
policy which provides for a Retirement "Buy Out" Program; and
WHEREAS, during the two fiscal years in which the program has been in place, 31
employees have taken advantage of this program since its implementation in 2007; and
WHEREAS, while this program was implemented in order to save money in future
years, it represents an immediate significant cost to the County; and
WHEREAS, Monroe County cannot continue to fund this program due to its
negative impact on the current dire financial situation of the budget; and
WHEREAS, the Board of County Commissioners now desires to eliminate Section
11.03A of the Personnel Policies and Procedures Manual and any references to the
Retirement "Buy Out" Program.
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MONROE
COUNTY, FLORIDA
Hereby eliminates the Retirement "Buy Out" Program and Section 11.03A of the Personnel
Policies and Procedures and the availability of such program to its employees.
PASSED AND ADOPTED by the Board of County Commissioners of Monroe County,
Florida, at a regular meeting of said Board held on the 19th day of November
2008.
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Mayor' George Neugent
Mayor Pro Tem Sylvia Murphy
Commissioner Kim Wigington
Y1:~coii mm!ss!oner Heather Carruthers
v~",,;.}:>,J;l . ISSIOner Mario Di Gennaro
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L. KOLtIAGE, Clerk
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s:o RD OF COUNTY COMMISSlONERS
o ON ROE COUNTY, F~~D~ r-l
By de- If ~\J
Mayor/Chairperson