PLACEMENT: Departmental
TITLE:
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REQUEST FOR APPROVAL OF VOLUNTARY EARLY SEPARATION INCENTIVE PROGRAM
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EXECUTIVE SUMMARY:
executive summary
The Human Resources Division has created a Voluntary Early Separation Incentive Program (VESIP) to offer to eligible employees. Employees who enroll in VESIP and voluntarily conclude their employment with Martin County (County) will be paid up to 20 weeks of their base pay and the County will maintain their medical/dental insurance benefits for a period of 20 weeks. Program participants will be responsible for the employee portion of the premium in effect and any subsequent employee premium increase.
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DEPARTMENT: Administration
PREPARED BY: Name: Heather Dayan
Title: Director of HR/Risk Management
REQUESTED BY: Matthew Graham
PRESET:
PROCEDURES: None
BACKGROUND/RELATED STRATEGIC GOAL:
Under the Voluntary Employment Separation Incentive Program (VESIP), a participating employee enters an employment contract with the County to obtain the following benefits by voluntarily separating from County employment:
Two weeks of pay at the employee’s current base rate of pay (less applicable taxes) for each full year of service as a full-time County employee, up to a maximum of ten years. Service of six months and one day will be rounded up to a full year.
Twenty weeks of the employee’s medical and dental insurance benefits will be paid by the County. This does not include any supplemental insurance purchased by the employee. Program participants will be responsible for the employee portion of the premium in effect and any subsequent increases to the employee premium.
VESIP provides the County with a flexible workforce management tool and opportunities for cost savings by allowing the County to evaluate each vacated position and determine whether to eliminate the position, leave it unfilled, or restructure the position or its associated duties.
Upon approval of VESIP, the Board delegates to t...
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