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EGty1� ,.,�� Request for Action <br /> River <br /> To Item Number <br /> Mayor and City Council 10.1 <br /> Agenda Section Meeting Date Prepared by <br /> Work Session July 1, 2019 Cal Portner, City Administrator <br /> Item Description Reviewed by <br /> Discuss Compensation Plan Amendment and IT Lauren Wipper, HR Manager <br /> Division Staffing Reviewed by <br /> Lori Ziemer, Finance Director <br /> Action Requested <br /> Discuss and provide direction regarding a phased retirement opportunity. <br /> Background/Discussion <br /> During our budget review, the IT Manager indicated a desire to exercise a PERA Phased Retirement <br /> Option and discussed future department staffing needs. <br /> PERA Phased Retirement allows for the collection of retirement benefits in exchange for a decrease in <br /> annual work hours and a defined term of employment. <br /> One disadvantage to Phased Retirement is the number of hours worked does not qualify for full health <br /> benefits. The Council is asked to consider an amendment to the Compensation Plan, the staffing impacts <br /> and IT support for the organization and provide direction. <br /> Financial Impact <br /> N/A <br /> Attachments <br /> ■ Staff Report 3.4 12-13-2010 <br /> ■ Comp Plan 2019 <br /> The Elk River Vision <br /> A PehoMing community 2a itb revolutionary and spirited resourcefulness, exceptional POWERED By <br /> service, and community engagement that encourages and inspires prosperity INAMIRE1 <br />