North Dakota to Offer Early Retirement in Response to Low Oil Prices

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North Dakota has announced that it will be offering some state employees early retirement incentives to help alleviate budget pressures. While the overall savings goal is unspecified as of yet, the reductions are intended to offset the drop in oil and gas tax revenues caused by the decline in oil prices, as well as the structural revenue losses resulting from the federal OBBB Act. The state has offered similar incentives in the past when oil prices have fallen.


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