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Early retirements could save county $200k this year

Local News

Cortland legislators continue discussing an early incentive program that would allow eligible county employees to retire voluntarily between August 27 and October 15 in return for a one-time cash payment of $10k.

These positions would then be eliminated unless their restoration is needed at a future time.

It’s an effort by the county to reduce its workforce and harness all possible savings amid a budget deficit pushed by COVID-19 to an estimated five million dollars.

At a budget and finance meeting on Tuesday, county administrator Rob Corpora detailed just how substantial the savings from such a program could be:

“It depends on how many people can and do take advantage of it,” Corpora said. “We might get up to $200k for 2020 – and maybe another half million for 2021.”

More details and a possible vote on the retirement program are expected at next week’s full legislative session.

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