Baltmore County will save nearly $1.7 million from retirements in five more county departments.
The majority of the savings, about $773,000, will come from the retirement of 11 Baltimore County Public Schools employees. Retirements in four other departments, totaling 15 employees, will save the county an additional $896,000, according to information released by the county auditor's office.
All of the savings is directly attributable to employees who applied for the county's early retirement incentive program.
That brings the total known savings to about $12.7 million from the early retirement of 200 employees in 12 county agencies.
Savings from Early Retirement Incentive Program
Department Retired Employees Expected Savings Baltimore County Public Library 4 $222,000 Baltimore County Public Schools 11 $773,000 Housing 3 $132,000 Planning 4 $264,000 Social Services 4 $278,000 Total 26 $1,669,000The additional savings was reported as part of the review of the county's annual budget by the County Council. Earlier this week, Patch reported that the would save the county about $11 million.
County Executive Kevin Kamenetz announced the early retirement incentive last year. County officials hoped to eliminate 200 positions and save about $15 million annually.
More than 600 county employees applied for the retirement incentive. The county approved 310 retirements and estimate the savings will be about $21 million.
Give us the true net savings - not some euphemistic figure the politicians will use to make us think they saved more than they actually did. Steve Whisler Arbutus
When my husband took early retirement from his employer, it was because they were eliminating jobs, closing that location. THAT was a company saving lots of money. Also, when you give incentives to people to retire, doesn't that mean some sort of financial bonus on top of the usual retirement benefits? Then, to just turn around and hire others to fill those positions.....I'm not getting the economic benefits to us taxpayers here. Correct me if I'm wrong.
If your 3 avg. highest yrs.equaled $60,000 andyou worked 30yrs.service time + 3yrs. early retire. incent.=33 total retire. yrs., 33yrs.divided by 1/55= 60%, $60,000 x 60%= $36,000/yr. or $3000/mo.(before taxes & health ins.)
If you were denied you may want to talk to a lawyer. That decision was made by Fred Homan and I think he may have overstepped his authority. I also think you may see a class action taken down the road.
You are correct about the lose of some of the more experienced talent and role models.Some of the young & inexperienced people who are PLACED in the above positions DO NOT have a clue on how to treat/motivate people.As they say anyone can be a BOSS but it take a special person to be a LEADER.And I see VERY few leaders among the ones being PLACED in those positions. Trixie,recently moral appears to be very low and a lot of GOOD people have given up. Hopefully you're close enough to retirement that you WON'T have to put up with this situation much longer.
Not having experienced staff in the right places sends the wrong message to program volunteers. Poor decisions, a lack of leadership.....this agency is not meeting the real needs of Baltimore County!