Nearly 1,400 state workers apply for Md. buyout
Nearly 1,400 Maryland state employees have applied for a voluntary buyout program, according to Gov. Martin O'Malley's office.
O'Malley invited state workers last month to participate in the "voluntary separation program" as part of a strategy to whittle down a looming budget shortfall of about $1.3 billion. As of last week's deadline, 1,395 employees had filed an application. Workers have until the end of the week to change their minds.
The number of employees filing is shy of a goal of 1,500 floated by O'Malley. But the response has the potential to yield "significant savings .. while helping to avoid massive layoffs," said O'Malley spokesman Shaun Adamec.
Adamec estimated the program could save roughly $40 million next year.
Eligible state workers who participate in the "voluntary separation program" will receive a lump-sum payment of $15,000, another $200 for each year of service and three months of health benefits.
As Maryland has grappled with budget shortfalls in previous years, state employees have been subject to furloughs and temporary salary reductions. About 4,200 state positions have also been eliminated, according to O'Malley's office.
| January 10, 2011; 11:29 AM ET
Categories: Governor, John Wagner, Maryland State Budget
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