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New York revives ‘early-outs’ for state employees

by on
in Employment Law,Human Resources

In an attempt to close a gaping state deficit, New York Budget Director Robert Megna has told government agencies to offer early-retirement packages to state employees.

The state made a similar offer earlier in 2009, and 1,100 workers took that option before it expired in early November. The state claims it needs about four times that many to close the current fiscal gap.

Gov. David Paterson had threatened to slash 8,700 state jobs, but unions negotiated an agreement calling for the state to cut costs by eliminating vacant posts and offering early retirements.

Workers who accept the package will receive a one-time payment of $20,000.

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