ACTION REQUESTED:
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Communication from the City Manager with a request to APPROVE a VOLUNTARY SEPARATION INCENTIVE (VSI) for FULL TIME COMMISSIONED EMPLOYEES who are Covered by a COLLECTIVE BARGAINING AGREEMENT With the IAFF or PBPA.
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BACKGROUND: The City of Peoria will offer eligible commissioned employees covered by a collective bargaining agreement with the IAFF or PBPA, who retire on or before December 31, 2018 and have at least twenty (20) years of service, twenty-five thousand dollars ($25,000) toward health insurance premiums for the City sponsored health plan. This incentive is offered in exchange for early separation which will aid in implementing organizational and functional changes within the City and assist in reducing the number of anticipated layoffs that are expected due to the City’s financial restrictions. Employees must sign a voluntary separation/retirement form and submit to the Human Resources Department by 5:00 p.m. on December 10, 2018. Please see attached outline.
FINANCIAL IMPACT: The financial impact will be determined at the close of the election period, December 10, 2018.
NEIGHBORHOOD CONCERNS: N/A
IMPACT IF APPROVED: The Voluntary Separation Incentive period will open on October 24, 2018.
IMPACT IF DENIED: No voluntary Separation Incentive will be offered.
ALTERNATIVES: N/A
EEO CERTIFICATION NUMBER: N/A
WHICH OF THE GOALS IDENTIFIED IN THE COUNCIL’S 2017 - 2032 STRATEGIC PLAN DOES THIS RECOMMENDATION ADVANCE?
1. Financially Sound City
WHICH CRITICAL SUCCESS FACTOR(S) FROM THE COMPREHENSIVE PLAN DOES THIS RECOMMENDATION IMPLEMENT?
1. Have an efficient government.
DEPARTMENT: City Manager's Office