Title
Dept/ Agency: Administration/Division of Personnel
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: Employee Severance Agreement
Purpose: Voluntary Severance Incentive Program
Entity Name: N/A
Entity Address: N/A
Project Fiscal Impact: $1,439,016.00 (Estimated)
Contract Period: Effective July 1, 2020
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient (X ) n/a
Additional Information:
The City of Newark is offering a Voluntary Severance Incentive Program as a cost savings measure, as a result of the unforeseen expenses due to the Coronavirus (COVID-19), necessary to operate government at a level taxpayers can afford.
Eighty-Two (82) municipal employees have applied and were accepted to participate in the Voluntary Severance Incentive Program.
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WHEREAS, the Mayor of the City of Newark (hereinafter "City of Newark" or "City") greatly appreciates and recognizes the dedication and years of service of City employees and their contributions to the City; and
WHEREAS, the City of Newark is faced with budgetary constraints in light of the Coronavirus (COVID-19) pandemic expenditures; and
WHEREAS, in light of these financial constraints, the City of Newark has been forced to examine its finances, eliminate certain expenditures and reallocate its financial resources; and
WHEREAS, the City of Newark is offering a Voluntary Severance Incentive Program as a cost savings measure, as a result of the unforeseen expenses due to the Coronavirus (COVID-19), necessary to operate government at a level taxpayers can afford; and
WHEREAS, it is in the best interest of the City to provide this Voluntary Severance Incentive Program to give City employees sufficient opportunity to plan for their future; and
WHEREAS,...
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