44. SUBJECT: VOLUNTARY SEPARATION INCENTIVE PROGRAM AUTHORIZE the Chief Executive Officer to implement a Voluntary Separation Incentive Program (VSIP) that offers an enhanced additional benefit that provides cash payments of up to $7,500, and an additional two years of retirement service credit, to eligible Non-Contract, AFSCME and Teamsters represented employees who voluntarily agree to separate or retire from Metro within a pre-designated retirement period. Metro Board approval is required in order to provide any additional or enhanced benefit to employees. - Metro Los Angeles

Meeting: Board of Directors - Regular Board Meeting on 2020-08-27 10:00 AM

Meeting Time: August 27, 2020 at 10:00am PDT

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Agenda Item

44. SUBJECT: VOLUNTARY SEPARATION INCENTIVE PROGRAM AUTHORIZE the Chief Executive Officer to implement a Voluntary Separation Incentive Program (VSIP) that offers an enhanced additional benefit that provides cash payments of up to $7,500, and an additional two years of retirement service credit, to eligible Non-Contract, AFSCME and Teamsters represented employees who voluntarily agree to separate or retire from Metro within a pre-designated retirement period. Metro Board approval is required in order to provide any additional or enhanced benefit to employees.