The North Dakota Office of Management and Budget has introduced a plan allowing state employees to opt for early retirement. State agencies have been informed about the initiative and have until Friday, February 6, to decide whether to participate.
Joe Morrissette, director of the office, stated that this measure is part of the state’s response to declining revenues. The early retirement option aims to help manage budget constraints while addressing workforce needs.
**Why this matters**
Offering early retirement can reduce payroll expenses and provide financial relief during periods of reduced state income. This approach may also impact staffing levels and service delivery within state agencies.
Source: NewsData