Three Rivers Mayor Tom Lowry and city commission members have OK’d a plan to offer early retirement to municipal employees who qualify for the option.
During Tuesday’s meeting, finance director Cathy Lawson noted that as many as six of the city’s 57 full-time employees would qualify for the early-retirement incentive. If accepted, a recipient would receive a one-time payout of $7,500 in the form of a lump sum or a tax-favored deposit into a health-care savings account.
City manager Joe Bippus said he is not sure at the moment how many would accept the offer. With the matter approved by the commission, however, Bippus indicated he would proceed with reviewing the option with the eligible employees.
The offer is valid through June 30 and extended to employees who have a met a criteria regarding age and years of employment.