In the News‎ > ‎

Many state workers opting for early retirement

posted Apr 12, 2010, 7:55 AM by Unknown user
| Olly Hottle | (Waterloo Cedar Falls, IA) Courier | Sunday, April 11, 2010 |

More state employees than expected are opting for early retirement, offering greater savings but raising concerns about a smaller and less experienced workforce. When the Legislature approved an early retirement plan during the last session, supporters estimated it would save the state $60 million if 1,100 employees took the offer. As of April 2, officials said 1,138 people had filed applications to retire early under the plan with a steady stream of additions coming in daily before the April 15 deadline.  [Note: this article only discusses early retirement for non-Board of Regents State Employees.]