The state of Maryland has released details of an offer to state employees who are willing to leave their jobs to help the state save money.
In a letter made public Thursday, state employees would be offered a lump sum payment of $15,000. They also would receive an additional $200 for each year of service.
The goal of the program is to reduce the size of the state workforce by allowing employees to voluntarily leave. Employees in state agencies under the executive branch are eligible for the offer. They would have to leave no later than April 28.
Gov. Larry Hogan included the plan in his budget proposal for the next fiscal year in hopes of saving about $30 million.
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6 comments:
I remember years ago back in the early 90's they did a similar buyout with full retirement benefits and I was only 1 year away from qualifying.
It was frustrating but oh how I envied those who were able to take advantage.
Does not include University of Maryland employees....
That is because University employees have so many more perks than the average state employee and higher salaries to boot.
Who would want to? That's not a lot of money to retire on? And surely nobody wants to quit those cushy jobs and go search for one. They'll go broke and starve before they get a good job.
2:47-Beads and trinkets bought Manhattan.5 years from now those who took advantage of this golden opportunity will be kicking themselves.Downsizing the workforce AND elimination of full term retirees is the goal here.No one is going to give Md employees more money in the long run & a simple calculator will prove that.Whenever a state agency is going full tilt to push a giveaway program LOOK OUT! Do not fall for it.They are not looking for ways to spend MORE money for pete sake.They are looking for ways to spend less.Duh
And of course all of these buyout monies are taxed. So there not really getting that much.
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