Today all city locals received a "draft" offer for an early retirement incentive. It is a draft because the council must approve it first. Some of the details are as follows.
If you are over 50 years old and have 21 or more years with the city, they will put $15,000 in to a medical savings account. You can have up to ten years to take the money out. It can be used on medical premiums, co-pays, RX, dental, some eye care. Anything medical for you or your dependents. If you wish to take advantage of it you must let them know by November 19.
We will post the city's copy as soon as it is avalible. We asked about a LEOFF I member that has no medical expenses for himself or his family. Their reply was this is what they are offering.
Greg
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