Step1:
- order papers for all 55+ as of Dec 31st 2007
- Get papers to people: Jan. 21st - 25th.
- Financial counseling : Jan 28th - Feb. 1st
- People to indicate intention by Feb 22nd for retirement on April 1st unless needed for training,
Step 2:
- Determine monies left from step 1 and determine design of possible enhanced severances Feb 25th - 28th.
- Severances offers out to all 592 members Mar 3rd - 5th with no guarantees.
- People to indicate intention by Mar 24th, to be severed by April 30th.
Step 3:
- Determine monies left from step 2
- further retirement packages offered to those employees that turn 55 after Dec 31 2007. Paper to employees:Mar 25th - 28th
- financial counseling Mar. 31st - April 4th
- Indicate intention by April 17th
- Retire May 1st.