37 nonunion employees who applied before the July 24 deadline.
City treasurer and finance director Brian Caputo has estimated the move will result in a total savings of nearly $4 million in the city's 2010 budget.
The city has nearly 1,100 employees
Of the 37 who applied, 35 were eligible for retirement and all 37 are expected to accept the package.
The consolidation of departments and operations also is being considered, along with the possible elimination of services that are not essential.
Daily Herald | Aurora approves voluntary layoffs for 37 employees