Quantcast

Hoping to save taxpayers money, Miami offers early retirement... - KOAM TV 7

Hoping to save taxpayers money, Miami offers early retirement plan for city employees

Updated:

The Miami city council passes an option for it's workers to retire early so the city can redirect some of the tax money to other city projects.

The move is the latest in a story we brought you back in December about the city of Miami's plan to make budget cut backs and absorb around 50 city jobs.

Nancy Wells has worn many hats in city offices over the past 38 years, starting at the Miami Police Department and ending as Director of Human Resources for the city.  Wells says when she heard about the opportunity to retire early, she jumped at the chance to spend more time with her grand kids.

"I think the city was very generous in their offer and their wanting to protect their employees to make sure that they aren't harmed by this, the ones that choose to take it," says Wells.

The city says it will offer five year service credits to those employees 60 and above, but those who fall under what the Miami's city manager calls the Rule of 80 can also apply.

"That's where your age plus years of service equal more than 80, those employees that meet that criteria will be offered the opportunity to retire now rather than later without any penalty to retire today," says Miami City Manager Jeff Bishop.

City employees will only have from March 15 to April 15 to cash in on the deal.  The city hopes the window time frame will help encourage more retirements in order to make room in the budget for other necessities.

"We have a very labor intensive budget and in order for us to free up more money for capital improvements, we had to free up budget capacity," says Bishop.

Wells says not everyone is sure about the new plan.

"It's mixed, they don't fully understand it," Wells says.

But Wells says representatives from the Oklahoma Municipal Retirement Fund will come to town next week to further explain the early retirement plan to employees.

In addition to the early retirement window the City of Miami says the council also voted to switch the city owned pension program to a larger pension fund to also cut costs.

  • Liz HollidayMore>>

  • Carthage Dentist Uses Good Friday To Offer Free Services

    Carthage Dentist Uses Good Friday To Offer Free Services

    Friday, April 18 2014 5:06 PM EDT2014-04-18 21:06:56 GMT
    One Four State Dentist observes Good Friday as time to offer free dental services to patients. It's owner says it is aims to make Good Friday, Great for those in need."It's hurting me constantly," said patient Carrie Smith. Carrie is hoping to spend her Good Friday getting a tooth pulled. It's not how many would choose to kick off Easter weekend, but thanks to Herrington Dentistry in Carthage it won't cost Carrie a single penny. "We open up our office as a way of being missionaries in our own...More >>
    One Four State Dentist observes Good Friday as time to offer free dental services to patients. It's owner says it is aims to make Good Friday, Great for those in need."It's hurting me constantly," said patient Carrie Smith. Carrie is hoping to spend her Good Friday getting a tooth pulled. It's not how many would choose to kick off Easter weekend, but thanks to Herrington Dentistry in Carthage it won't cost Carrie a single penny. "We open up our office as a way of being missionaries in our own...More >>
  • Rebuild Joplin Brings Its 128th Family Home

    Rebuild Joplin Brings Its 128th Family Home

    Thursday, April 17 2014 5:20 PM EDT2014-04-17 21:20:42 GMT
    Rebuild Joplin celebrates its 128th housewarming since the Joplin tornado today.Theo and Opal Morrison were moving into their home on Illinois when the tornado struck. Without having time to buy insurance, according to Opal, the tornado winds shifted their home from its foundation, rendering it unlivable.More >>
    Rebuild Joplin celebrates its 128th housewarming since the Joplin tornado today.Theo and Opal Morrison were moving into their home on Illinois when the tornado struck. Without having time to buy insurance, according to Opal, the tornado winds shifted their home from its foundation, rendering it unlivable.More >>
  • Carl Junction FFA Teaches 3rd Graders Where Food Comes From

    Carl Junction FFA Teaches 3rd Graders Where Food Comes From

    Thursday, April 17 2014 4:57 PM EDT2014-04-17 20:57:29 GMT
    Third graders in Carl Junction got a lesson in where their food comes from today from the Carl Junction High School's Future Farmers of Americas. Over 250 students visited 21 stations in the annual Food for America event.The event has taken place at the school since at least the 11970's and from animals to fashion to food kids learn most things in life start with agriculture. "The best part for me is that these kids have learned something and are going to go away from here knowing about our p...More >>
    Third graders in Carl Junction got a lesson in where their food comes from today from the Carl Junction High School's Future Farmers of Americas. Over 250 students visited 21 stations in the annual Food for America event.The event has taken place at the school since at least the 11970's and from animals to fashion to food kids learn most things in life start with agriculture. "The best part for me is that these kids have learned something and are going to go away from here knowing about our p...More >>
  • Local NewsMore>>

  • At least 4 new businesses are heading to downtown Joplin

    At least 4 new businesses are heading to downtown Joplin

    Friday, April 18 2014 10:00 PM EDT2014-04-19 02:00:02 GMT
    Downtown Joplin has gained several new businesses in the past month and even more are coming.More >>
    Downtown Joplin has gained several new businesses in the past month and even more are coming.More >>
  • Carthage plant bringing 160 jobs to the area

    Carthage plant bringing 160 jobs to the area

    Friday, April 18 2014 5:20 PM EDT2014-04-18 21:20:41 GMT
    A Carthage, Missouri cheese plant has begun an expansion project that will bring jobs to the area. Schreiber Foods says the 29,000 foot expansion will add 160 jobs to the plant. The plant will also re-purpose 67,000 square feet to install material handling and storage capacity for cheese, ingredients and packaging materials.More >>
    A Carthage, Missouri cheese plant has begun an expansion project that will bring jobs to the area. Schreiber Foods says the 29,000 foot expansion will add 160 jobs to the plant. The plant will also re-purpose 67,000 square feet to install material handling and storage capacity for cheese, ingredients and packaging materials.More >>
  • New Joplin city manager may be at least another six months away

    New Joplin city manager may be at least another six months away

    Friday, April 18 2014 5:08 PM EDT2014-04-18 21:08:09 GMT
    Councilman Mike Woolston says former city manager Mark Rohr's salary, including compensation and benefits, was about $200,000 at the time city council fired him.  Joplin's new city manager may be paid the same.More >>
    Councilman Mike Woolston says former city manager Mark Rohr's salary, including compensation and benefits, was about $200,000 at the time city council fired him.  Joplin's new city manager may be paid the same.More >>
Powered by WorldNow

KOAM - Licensed to Pittsburg, Kansas
Send tips, ideas and press releases to: tips@koamtv.com
Send newsroom questions or comments to: comments@koamtv.com
Phone: (417) 624-0233 or (620) 231-0400
Web comments or questions: webmaster@koamtv.com
Newsroom Fax: (417) 624-3158

Powered by WorldNow All content © Copyright 2000 - 2014 WorldNow and KOAM. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.