CUMBERLAND, Md. — County commissioners in Maryland are considering cash incentives for retirement-ready county employees to call it quits.
The Cumberland Times-News reports that Allegany County commissioners are considering the effort as a cost-cutting measure and are expected to vote on the plan next month. The incentive will be for employees who will leave after the beginning of next year.
County finance director Jason Bennett says flat revenues left the county with a nearly $1 million deficit in the fiscal year budget in 2018. He says the retirements will allow commissioners to look into eliminating some positions and replacing them with lower salaries and slightly reduced benefits.
The county has about 450 employees, and roughly 61 of them have reached age 62, which would make them eligible for the buyout.
Information from: Cumberland (Md.) Times-News, http://www.times-news.com/timesnew.html