SUBJECT
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A Resolution of the City of Laredo, Texas, establishing a Voluntary Retirement Incentive Program (VRIP) Policy to facilitate strategic workforce transitions, optimize organizational efficiency, and authorizing the City Manager to implement, administer, and monitor any future programs for the benefit of the City and its employees through the Human Resources Department.
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VIVA LAREDO PLAN ALIGNMENT
Alignment Rating:
Supporting goal(s)/policy(ies):
Summary of alignment:
PREVIOUS COUNCIL ACTION
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BACKGROUND
The proposed resolution formalizes the City of Laredo’s recognition of the long-standing contributions of its dedicated employees and seeks to support strategic workforce planning through voluntary, incentivized retirement options. The Voluntary Retirement Incentive Program (VRIP) has been developed to offer eligible employees an incentive that encourages timely retirement, facilitates knowledge transfer, and opens advancement opportunities within the organization.
COMMITTEE RECOMMENDATION
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STAFF RECOMMENDATION
recommendation
Approval of this item.
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Fiscal Impact
Fiscal Year: 2025-2026
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Source of Funds: N/A
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Change Order: Exceeds 25% Y/N: N/A
FINANCIAL IMPACT:
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