§ 20-79. Same—Severance benefit.

Whenever the employment of a regular employee serving in either the classified or nonclassified Service whose position is designated as managerial, professional, supervisory or confidential, is terminated for (i) abolition of a position, (ii) shortage of work or Funds, and (iii) changes in organization structure or management needs of the City, the city manager may evaluate the circumstances of the termination and, in his discretion, conditionally or unconditionally offer to the affected employee one (1) of the following severance benefits:

(1)

Option A, severance pay. Severance pay shall be calculated as an amount equivalent to two (2) weeks of base pay for each full year of continuous Service rendered, not to exceed a maximum of twenty-six (26) weeks of severance pay.

(2)

Option B, severance Retirement. Allow the employee to retire early without penalty, if the employee is otherwise eligible for early Retirement and such employee is within four (4) years of normal Retirement date. This option shall be governed by the provisions of the applicable pension ordinance.

(Code 1953, § 2-29.13; Ord. No. C-83-15, § 1, 2-1-83; Ord. No. C-88-94, § 1, 1-4-89)