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DE HR29
Resolution
Status
6/30/2009
Primary Sponsor
George
Click for details
AI Summary
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Directs the Office of Management and Budget to study the feasibility and best method of implementing a Deferred Retirement Option Plan (DROP) for State of Delaware employees
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Requires OMB to identify whether DROP plans could save the state money across any agency, employee group, or section of government, including the judiciary
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Mandates a report to the Speaker of the House by December 15, 2009 with recommendations on feasibility and identification of suitable candidates for a DROP pilot program
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DROP plans allow employers to retain valued employees while creating potential cost savings by deferring retirement benefits
Legislative Description
Directing The Office Of Management And Budget To Study Deferred Retirement Option Plans.
Last Action
Passed in House by Voice Vote
6/30/2009