Tucson City Council Approves Retirement Incentive

City Manager Michael Ortega's proposed incentive to encourage employee retirements to save on labor costs won approval last night from the Mayor and Tucson City Council. The incentive offers three months pay for eligible employees who agree to retire no later than Feb. 5, 2016.

Assuming 90 employees paid through the General Fund take the incentive, the estimated salary and benefits savings would be $1 million for the current fiscal year, Ortega said, and the ongoing annual General Fund savings from not filling the vacancies is estimated at approximately $6.2 million.