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Clock Ticking For Minn. Workers Seeking Early Out

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(credit: Jupiter Images)

(credit: Jupiter Images)

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ST. PAUL, Minn. (AP) — State government workers in Minnesota hoping to take advantage of an early retirement incentive have one more week to sign up.

A New Year’s Eve deadline looms for veteran public employees to apply. At stake is up to two years of continuing state payments to the employee’s health care savings plan.

The incentive comes with conditions and strings attached. It is open to workers with at least 15 years of service and their boss has some veto power. Workers who take it won’t be eligible for any other state job or consulting arrangement for three years.

Minnesota has about 52,000 state government workers, when state college employees are included. The incentive applies to legislative, executive and judicial branch employees. They must retire by June 30.

Elected officials aren’t eligible.

(© Copyright 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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