Council members discussed in greater detail the Voluntary Retirement Incentive Program with Sharon Judkins, Deputy CAO, Dept. of Finance and Administration, Garland Williams, Senior Assistant to the CAO, and Byron Marshall, Chief Administrative Officer.
Ord. No. 2013-109 (Patron: Mayor Jones) - To amend and reordain ch. 78, art. VII of the City Code by adding therein a new section numbered 78-210, concerning a voluntary retirement incentive program, to be effective Jul. 1, 2013, for the purposes of providing for (i) the alternate computation of benefits in connection therewith and (ii) a limited period during which qualified members of the Richmond Retirement System’s defined benefit and enhanced defined benefit plans shall be eligible to retire with a one-time incentive payment. (As Amended)
The paper was continued to Monday, June 24, 2013; COMMITTEE: Finance and Economic Development, Thursday, June 20, 2013, 3 p.m.
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