From: Nowicki, Pete
Sent: Saturday, December 13, 2008 9:46 AM
To: ALL MOFD Personnel
Subject: Please read
To Everyone at MOFD,
As you are all aware, the 3% at 50 retirement system very much dictates when an employee will discontinue employment. The decision is predominantly based upon a fiscal plateau, at which point the employee then loses income by coming to work.
I'm very fortunate to be a part of such a lucrative system, yet I philosophically find it to be very troubling at the same time. The ability to retire at the age of 50 is certainly a nice option, but I do not believe that workers should be 'put to pasture' due simply to a lack of any other viable alternative. That concept is akin to the government paying farmers not to grow crops — I never understood that practice either. Nonetheless, I've reached that financial plateau and it's no longer economically feasible to continue in my current capacity. For that reason, my retirement will become effective on January 30, 2009. But before everyone starts to help me pack and shows me the on-ramp to the freeway....my retirement will be in 'status' only.
The Board of Directors and myself have been entertaining discussions on my continued service to the District as a contract employee. Should that come to fruition, it would be nothing more than a 'paper conversion' and a seamless transition to a new classification.
So, in essence, this message is most likely much ado about nothing. I'll keep you all informed as this matter evolves.