Update: County Saves $1.7 M From Retirements in Five More Departments

Baltmore County will save nearly $1.7 million from retirements in five more county departments.

The majority of the savings, about $773,000, will come from the retirement of 11 Baltimore County Public Schools employees. Retirements in four other departments, totaling 15 employees, will save the county an additional $896,000, according to information released by the county auditor's office.

All of the savings is directly attributable to employees who applied for the county's early retirement incentive program.

That brings the total known savings to about $12.7 million from the early retirement of 200 employees in 12 county agencies.

Savings from Early Retirement Incentive Program

The additional savings was reported as part of the review of the county's annual budget by the County Council. Earlier this week, Patch reported that the would save the county about $11 million.

County Executive Kevin Kamenetz announced the early retirement incentive last year. County officials hoped to eliminate 200 positions and save about $15 million annually.

More than 600 county employees applied for the retirement incentive. The county approved 310 retirements and estimate the savings will be about $21 million.