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Phased Retirement And Staffing Analysis August, 2013

Phased Retirement And Staffing Analysis August, 2013. CenterPoint Energy, Inc., headquartered in Houston, Texas

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Phased Retirement And Staffing Analysis August, 2013

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  1. Phased Retirement And Staffing Analysis August, 2013

  2. CenterPoint Energy, Inc., headquartered in Houston, Texas Domestic energy delivery company includes electric transmission and distribution, natural gas distribution, competitive natural gas sales and services, interstate pipelines and field operations. CenterPoint Energy

  3. Purpose: To assist employees in their transition to full retirement and to retain critical skill employees as active employees, CenterPoint Energy’s Phased Retirement Policy provides flexible work arrangements to retirement eligible employees. Phased retirement arrangements can either be pre-retirement or post-retirement. Phased Retirement Programs

  4. Pre-retirement includes a change in role assignment and/or a gradual reduction in an employee’s responsibilities and/or hours. Post-retirement allows a retired employee to be considered for return to active employment on a full or part-time basis following a separation from service for at least four months. The company retains the right to offer or approve phased retirement arrangements on a case by case basis, at its sole discretion, and there is no promise or guarantee that a phased retirement arrangement will be offered if requested or continued if commenced. Pre-retirement/Post-retirement

  5. Employee must be age 55 or older, with at least five years of service after age 50 and in “good standing.” An employee on a formal step of discipline would not be considered to be in good standing. Phased retirement arrangements that result in reduced hours must be for a minimum of 20 hours per week.  Eligibility

  6. The maximum duration of a pre-retirement arrangement is three years. Duration start date and anticipated end date must be established before commencement. Approval will be for one year subject to annual renewal. The company or the employee may terminate the phased retirement arrangement at any time and for any reason. Eligibility

  7. The purpose of staffing analysis is to determine staffing needs which are impacted by changing workload and retirements. Staffing models are established for each department and work group. Models have 2 parts: workload and manpower. Workload Define units of work Determine man-hours per unit Determine units of work per year for next several years Totalize to get workload for each year Manpower is the number of FTEs available to do the work, including transfers and projected retirements. Difference between workload and FTEs = Staffing shortfall. Staffing Analysis

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