29.M Requesting a transfer of $45,000 from the Salary Contingency Acct. to the Police Other Lump Sum Benefits Acct. to fund the Early Retirement Incentive Program for Police Superiors.
|Department:||Auditing & Payroll||Sponsors:|
|Category:||Mayor's Request||Functions:||Transfer Intradepartmental|
To the Honorable Board:
I hereby respectfully request, subject to the approval of your Honorable Board, a transfer in the amount of forty five thousand dollars ($45,000.00) from the Salary Contingency Account (0199951-511000) to the Police Department Other Lump Sum Benefits Account (0121051-519013) for the purpose of funding the Early Retirement Incentive Agreement between the City of Somerville and the Somerville Police Superior Officers’ Association. The transfer funds the Early Retirement Incentive Payment of $15,000 for three superior officers who have recently retired.
Joseph A. Curtatone
|RESULT:||REFERRED FOR RECOMMENDATION|