Frederick County Offers $25K Retirement Incentive

As reported in the Frederick News-Post, Frederick County is continuing an incentive program that offers $25,000 bonuses to select employees as a retirement incentive.  This is the second year of the program.  According to the News-Post, 

Seventeen Frederick County employees are set to pack up their desks and retire Thursday with $25,000 bonuses to sweeten their departures. . .

While the county will spend $425,000 on the incentives this year, savings could come in the future if officials decide not to fill vacated positions or if they hire people at lower salaries and benefit costs, said Mitch Hose, the county’s human resources director.

Last year, the $25,000 bonuses prompted 33 retirements, which were staggered over several months. Because fewer people raised their hand for the program in 2014, this round of retirements can take place at once without a negative impact on county services, Hose said.

For more information, see the full story from the Frederick News-Post.