Boone County Board to vote on Retirement Incentive

This Wednesday at 6:30 the Boone County Board will vote on a retirement incentive program.   Will it really be to the taxpayers advantage?  The incentive is 36 months of individual health benefit ($286.62 X 36).  The one page analysis shown below is all that I received from the Administrator when I ask for the analysis.  You will note that six of seven interested parties were from the Sheriff/Public Safety Building.  In the case of PSB those costs are all shared 50-50 with the city, so should the city be participating in this decision? I attended the last city/county meeting on February 9 and the aldermen I talked with were unaware of the retirement incentive proposal.  If any of the PSB workers are dispatchers, previous discussion indicated that a considerable amount of training is involved in replacement.  For weeks if not months both the new and the old dispatcher would have to work, that would appear to be a great deal of costs.

Click on the photocopy to enlarge:

Accompanying the copy of the above analysis which the County Administrator prepared for the Finance Committee the Administrator stated the following: 

Per your request is the spreadsheet showing the possible cost/benefit of the proposed retirement incentive program.  Please note a few items;

1.  I am preparing for the board a revised savings analysis with a more conservative approach assuming all three employees are replaced.

2.  The payout assumes the employee takes the health insurance option which is worth $286.62 times 36 months  (employer's share of single coverage for three years).

3.  The potential savings depends on which employees actually enroll and whether or not they must be replaced.  Even just replacing will bring about savings from the difference between the retiring wage and the entry level wage.

I have the following additional questions which really involve decisions from the County Board: 

1.  Will the budgets for the Sheriff, PSB and County Clerk’s offices be actually lower to reflect the projected savings?  If so, will there be an adjustment down for the current 2011 budget.

2.  There appear to be upfront costs.   From what budget will they be allocated?  Will the department's budget pay for the incentives?  Or any additional costs?