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Lackluster Response to State Early Retirement Plan

Tuesday, September 15, 2009

Governor Paterson’s early retirement buyout plan has attracted less than half of the state workers officials expected to see take the offer. Karen DeWitt reports from Albany.

REPORTER: When the governor first announced the plan, it was hope that as many as 4,500 state workers would take a $20,000 bonus payment in exchange for retiring early. So far, according to state budget officials just 1,089 have accepted the buyout offer. Paterson's budget director, Robert Megna says he's instructing state agencies to try harder to find more employees willing to retire early. The report by budget officials says over 2,600 more jobs have been eliminated through attrition since the budget cut backs began. Those reductions, combined with a hiring freeze should save the state over $260 million. In Albany, I'm Karen DeWitt.

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