DR&C unveils its ERIP

Beginning March 31, 2008, DR&C employees will have one year to take advantage of a one-year service buy-out, according to a memo from Director Terry Collins dated Feb. 15. The memo indicates that DR&C officials will be sending a notice to all employees who may be eligible for its Early Retirement Incentive Plan.

Employees only have to become eligible for retirement (using the purchased service credit) at some point before March 30, 2009 and must come to an agreement with DR&C about a specific retirement date.