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.