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BCC
Contemplates A Voluntary
Retirement/Separation Program
The County is
facing significant revenue reductions for
the fiscal year 2012 budget.
At this time it is difficult to ascertain
the exact amount of loss in revenue.
However, a reduction of approximately
$2,000,000- $4,000,000 is likely to be
expected.
A Voluntary
Retirement/Separation Program is being
offered to all County employees to help
reduce costs and offer an opportunity to
those employees that may be considering
retirement or other career
options.
Employees
interested in this program will be required
to complete an application and submit it to
the Walton County Human Resources
Department. The application will be assessed
to determine the
effect the potential vacancy may have on the
department/division, on the county
organization as a whole, and on the county's
ability to maintain the required level of
service and continue meeting the needs of
the community. Therefore, every submitted
application may not necessarily be approved.
PLEASE
NOTE THIS PROGRAM IS STRICTLY VOLUNTARY.
Severance
Package Details
Severance pay
will be provided in conjunction with a
Separation
Agreement, signed by the employee, and will
be based upon the formulas below. Employees
shall have 7 calendar days after signing the
Separation Agreement to change their mind.
Severance packages will be
processed after this waiting
period.
$1000.00
per
year
of
FRS
Service-
Maximum
26
year
cap
120
hours
of
annual
leave
(if
accrued)
120
hours
of
sick
leave
(if
accrued)
Leave
paid
out
according
to
county
policy
Other Benefits
Health and Dental
Insurance: Retirees
will convert to retiree
premiums. Non-retirees
may elect to continue
coverage under COBRA. If
selected, the full
premium shall be paid by
the separating employee
and will be effective on
Sep 1, 2011.
Unemployment
Compensation:
Unemployment
compensation is
available to those that
qualify.
Outplacement Services
are available throughout
the Florida panhandle
area. County employment
references will be
available.
Note: The BCC Approved
this on June 14th
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