Title
a. Adopt a resolution of intention to amend the contract between the California Public Employees' Retirement System and the County of Monterey to provide Section 21118 Partial Service Retirement for local miscellaneous members and local safety members;
b. Consider adopting a resolution to approve P-241 Partial Service Retirement Program Policy and;
c. Direct the Human Resources Department to work with the County Administrative Office and the Office of the County Counsel to implement the Partial Service Retirement Program.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Adopt a resolution of intention to amend the contract between the California Public Employees' Retirement System and the County of Monterey to provide Section 21118 Partial Service Retirement for local miscellaneous members and local safety members;
b. Consider adopting a resolution to approve P-241 Partial Service Retirement Program Policy; and
a. Direct the Human Resources Department to work with the County Administrative Office and the Office of the County Counsel to implement the Partial Service Retirement Program.
SUMMARY/DISCUSSION:
The County of Monterey has identified a need to establish a mechanism to incentivize employees who have expressed their plans to retire and who possess specialized skill sets and institutional knowledge to consider delaying their retirement to allow the department additional time to transition said valuable knowledge and skill sets which are imperative for the continued operations of the County. To assist all County departments, the Human Resources Department has identified the implementation of a Partial Service Retirement Program as a tool for succession planning efforts. Based on departmental operational needs and approval from the County Administrative Officer, Department Heads can refer eligible employees to participate in the Partial Service Retirement Program and work part-time while simultaneously drawing on their CalPER...
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