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How does an agency develop a Retirement Incentive Plan (RIP) for its employees?

April 26, 2017agency develop employees Plan retirement Rip

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How does an agency develop a Retirement Incentive Plan (RIP) for its employees?

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An agency must develop its RIP based upon the guidelines approved by the Budget and Control Board. All components of the approved guidelines serve as the minimum requirements for the agency’s RIP. A sample plan is available through the OHR website to assist agencies in developing a RIP.