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NOTICE OF VOLUNTARY SEPARATION INCENTIVE 2024:
Eligible Employee: Employees potentially eligible for the Voluntary Separation Incentive will be identified and targeted based on job title, departmental needs and other relevant factors following consultation with the Department Head. Any employee considered for the incentive must have a minimum of ten (10) years of continuous service with the Town of Amherst.
Time to apply for incentive: Employees must file an initial application for the Voluntary Separation Incentive no later than December 1, 2024 on the form attached hereto, and an irrevocable letter of voluntary resignation no later than December 15, 2024. The Town reserves the right to extend the election period for additional days.
Separation Date: Employee must separate from employment with the Town no earlier than January 3, 2024 and no later than December 30, 2024. The Town reserves the right to extend the separation deadline for additional days.
Voluntary Separation Incentive - Continued Health Insurance: For eligible employees who are approved and accept the Voluntary Separation Incentive, the Town shall continue to provide fully paid family or single health insurance, dental insurance and vision coverage for a two year (24 full consecutive months) period. In the event of death of the employee, the payments shall continue to be made and applied as payment in full for appropriate continued medical insurance for the employee’s spouse and/or eligible dependents for the remainder of the twenty-four (24) month period.
The Voluntary Separation Incentive shall not be used in the calculation of any retirement benefit.
Resignation: An employee accepting the Voluntary Separation Incentive shall be required to sign an irrevocable letter of voluntary resignation no later than December 15, 2024, on the form attached hereto. The employee agrees that he/she is not eligible for unemployment insurance.
Please return all completed and signed documents included in the 2024 Employee Packet to the Town of Amherst Human Resources Office by the dates indicated. Call the Human Resources Office if you have any questions.