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Port of SD offering early retirements to cut costs

Tech by Tech
September 24, 2010
in SDNews
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SAN DIEGO BAY — More than 100 Port of San Diego employees are being offered early-retirement options as a cost-cutting measure. On Sept. 7, the Board of Port Commissioners approved the program with a 4-2 vote that could save the agency millions of dollars this fiscal year. The port identified 114 employees who qualify for the retirement incentives. According to port officials, if even one-third of those employees opted for early retirement, it would save the port $3.3 million. According to port officials, Harbor Police officers must be at least 50 years old with at least 20 years of service, and non-public safety employees must be 55 years old with 20 years of service or 62 years old with at least five years of service to qualify for the early-retirement offer. Employees considering enrolling in the program must submit a letter of intent to the Port District by Oct. 1. For more information, visit www.-portofsandiego.org.

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