Wednesday, October 21, 2009

Agencies: Employees pick bonus, retirement

More state employees have opted to take a one-time bonus and retire as agencies continue to struggle to keep their budgets in balance, a governmental advisory panel heard Tuesday.

But state agencies need to prepare for a more dire financial situation next fiscal year when the state is looking at a $1 billion decline in state revenue — and stop working on the edges, advisory panel chairman state Rep. Jim Morris said.

Civil Service official Judy McGimsey told panel members the retirement incentive is just one of the tools available to help state agencies get over temporary fiscal problems.

Other options are job furloughs, reductions in work hours or withholding of merit pay but those steps can only go so far, McGimsey said.

Agencies must figure out what they need to do in the longer term if fiscal conditions do not improve, she said.

No comments: