NEWS
City of Bowie wraps up early retirement buy-outs for seven
By BARBARA GREEN
Early retirement buy-outs are not uncommon for companies or entities that may want to consider eliminating some of its longer tenured employees, who also are often in the higher paid positions.
The Bowie City Council began discussing this plan in October. At that initial meeting City Manager Ricky Tow said they had 11 employees eligible with either 20 years of service or 10 years of service and age 60 or older. Seven committed to the buy-out and announced they would retire at the end of the year.
The proposal negotiated with the employees is for a year’s salary plus a $7,500 insurance allowance per year for three years. It would be paid in three lump sum payments over three years starting January 2015. Read the full story in the weekend News.
The Nocona City Council approved a trio of Nocona Economic Development Corporation requests and considered infrastructure work questioned by a city council.
Councilors met on June 10. Two of the NEDC requests had already been presented with the timeclock for comment started. With that time limit over, the requests were finalized.
The Type A and B Boards will spend $19,225 at the Indian Oaks Golf Club for equipment, aerifying and top dressing the greens and batteries for rental carts. It also will expend $20,000 to the Nocona Chisholm Trail Rodeo Arena Committee to build new concrete bleachers, railings, fence and platform.
The third NEDC request is a new one related to a Type B board loan of $200,000 to Amy and Chris Nunneley for a new apartment and office construction project.
Read the full story in the Thursday Bowie News.
Due to the June 19 Juneteenth federal holiday the U.S. Post Office will be closed, which moves the Thursday Bowie News to a Friday delivery date
It will be available in the stores at its regular time.
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