Employee buyouts proposed for cash-strapped Shelby County - WMC Action News 5 - Memphis, Tennessee

Reported by Kontji Anthony

Employee buyouts proposed for cash-strapped Shelby County

Shelby County's finances are in such a bind that commissioners are looking at a possible buyout for some county employees.

At a committee meeting Wednesday, a high ranking county official went before commissioners to propose a buyout for retirement-age employees.  County Administrative Officer Jim Huntzicker, with Department Head Mike Swift at his side, proposed the resolution.

Huntzicker told commissioners the resolution is aimed at encouraging employees age 65 and older to retire, to cut future costs to pay for unused sick leave when employees retire.

Huntzicker said the county would save $50,000 per person if they chose to leave by June 30th and accept the county's incentives.
"They'd get a $10,000 bonus, plus possibly sick leave payout," he said. "We estimate there are 221 eligible employees.  If we get 100 of them, we'd save a million.  In the first year, it would be about five million dollars."

Huntzicker said this is only an option for these employees, and anyone who wants to stay will be allowed.

Commissioners at Wednesday's committee meeting passed the resolution unanimously.  It will go before the full commission on Monday.

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