Item E01
. .
. \
, BOARD OF COUNTY COMMISSIONERS
AGENDA ITEM SUMMARY
Meeting Date: November 19.2008 Division: Employee Services
Bulk Item: Yes ..lL No -
Staff Contact PersonlPhone #: Teresa Aguiar X4458
AGENDA ITEM WORDING: Approval of a resolution eliminating the Early Retirement Buy Out
Program.
ITEM BACKGROUND: Due to the expense of the buyout program and the current dire financial
situation of the budget, administration can no longer support this program. While this program was
implemented in order to save money in future years, it represents an immediate significant cost to the
Cottfity; T-his programcost-uver $66<T,t)()(Jto-trrean- va1ol11mDudgef alone this year.
PREVIOUS RELEVANT BOCC ACTION: The policy was approved by the BOCC in August,
2007.
CONTRACVAGREEMENTCHANGES: WA
STAFF RECOMMENDATIONS: Approval.
TOT AL COST: None BUDGETED: Yes - No -
COST TO COUNTY: None SOURCE OF FUNDS:
REVENUE PRODUCING: Yes_ ~O-2L AM~UNTPERMONTH_ Year_
APPROVED BY: County Ally ~~urc asing _ Risk Managemeot(t]a-
DOCUMENTATION: Included X Not Required_
DISPOSITION: AGENDA ITEM #
Revised 8/06
MONROE COUNTY ATTORNEY
APEOVM~~~. Frt:iJ
~tHIA L. HALL
ASSISTANT COUNTY ATT~RNEY
Date 10 -14- - ')... 00
, .. ..
..
RESOLUTION NO. - 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 Ouf' 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
-yeafs,-#fePfesefltsan-immedtate--sfgnifieameost-to-the-eounty;-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 Ouf' 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 _ day of ,
2008.
Mayor Mario Di Gennaro
Mayor Pro Tem Charles "Sonny" McCoy
Commissioner George Neugent
Commissioner Dixie M. Spehar
Commissioner Sylvia J. Murphy
(SEAL) BOARD OF COUNTY COMMISSIONERS
Attest: DANNY L. KOHLAGE, Clerk OF MONROE COUNTY, FLORIDA
By By
Deputy Clerk Mayor/Chairperson