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File #: 20-0564    Version: 1
Type: Bill Status: Passed
File created: 6/9/2020 In control: Finance & Governance Committee
On agenda: 6/29/2020 Final action: 7/20/2020
Title: A bill for an ordinance repealing Chapter 18, Article XX of the Revised Municipal Code, thereby removing the expired 2009 Special Incentive Program requirements and reenacting requirements for the 2020 Special Incentive Program of the City and County of Denver. Amends chapter 18 of the Denver Revised Municipal Code to add a retirement incentive for employees retiring before September 1, 2020. The Committee approved filing this item at its meeting on 6-17-20.
Indexes: Zach Rothmier
Attachments: 1. BR20 0564 DOF SIP Request, 2. BR20 0564 DOF SIP Draft Bill, 3. 06172020_FINGOV_SpecialIncentiveProgram_Revised, 4. 20-0564 Filed Bill for Ordinance_SIP_06242020_Final_RAM, 5. 20-0564 Filed Bill for Ordinance_SIP, 6. 20-0564 - signed, 7. 20-0564 Filed Bill for Ordinance_SIP
Other/Miscellaneous Request Template (Appointments; ROW; Code Changes; Zoning Action, etc.)

Date Submitted: 6-09-20

Requesting Agency: Finance
Division:

Subject Matter Expert Name:

Name: Brendan Hanlon and staff
Email: Brendan.hanlon@denvergov.org

Item Title & Description:
(Do not delete the following instructions)
These appear on the Council meeting agenda. Initially, the requesting agency will enter a 2-3 sentence description. Upon bill filling, the City Attorney's Office should enter the title above the description (the title should be in bold font).

Both the title and description must be entered between the red "title" and "body" below. Do not at any time delete the red "title" or "body" markers from this template.
title
A bill for an ordinance repealing Chapter 18, Article XX of the Revised Municipal Code, thereby removing the expired 2009 Special Incentive Program requirements and reenacting requirements for the 2020 Special Incentive Program of the City and County of Denver.
Amends chapter 18 of the Denver Revised Municipal Code to add a retirement incentive for employees retiring before September 1, 2020. The Committee approved filing this item at its meeting on 6-17-20.
body

Affected Council District(s) or citywide? Citywide

Executive Summary with Rationale and Impact:
Detailed description of the item and why we are doing it. This can be a separate attachment.
In an effort to generate additional budget savings to balance our 2020 and 2021 budgets, the Department of Finance Budget and Management Office (BMO) intends to offer a retirement incentive program to civilian employees already eligible to retire under the Denver Employee's Retirement Plan (DERP). For employees willing to vacate their position on or before July 31, 2020, they will receive an up front $5,000 payout then a benefit equal to one ...

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