State Employees Retirement
5:37 pm
Mon October 15, 2012

Gov. Bentley Reveals Retirement Incentive Plan Details

Alabama Gov. Robert Bentley plans to ask legislators to pass a bill offering eligible state employees an incentive if they voluntarily retire.

The governor announced details of the plan at a news conference Monday in Huntsville. He said it would either pay 100 percent of monthly premiums for health insurance for five years or offer $15,000 in cash payments.

He said the program would help retiring workers while at the same time saving taxpayers between $18 million and $26 million a year.

If approved, Bentley said the retirement incentives would be available to merit and non-merit employees of executive, judicial and legislative branches. It would not be available to education employees.

Republican Rep. Mac McCutcheon of Capshaw said he would introduce the legislation in the session that begins Feb. 5.

Copyright 2012 The Associated Press.