Unions representing Nassau County workers have finalized an early retirement deal that will pay senior workers for retiring early and allow Nassau County Executive Edward Mangano to reduce the budget by shaving salary expenses.

The unions inked the deal on Monday, and copies began circulating Tuesday.

The agreement must be approved by the Nassau County Legislature, and the Republican leadership there said Tuesday that it had not gotten a copy of the agreement.

"It will be reviewed when it is officially submitted to the legislature and submitted to me," Legis. Peter Schmitt (R-Massapequa), the presiding officer, said through a spokeswoman.

Democratic Minority Leader Diane Yatauro said she wanted to see a detailed analysis of how the agreement affects the budget. "When the facts are fully known we will make a decision," she said.

County Comptroller George Maragos said through a spokesman that the agreement was "just one option and more is needed to balance the budget."

The spokesman said Maragos had no other comment until he could review the entire budget modification that Mangano is scheduled to submit to the Nassau County Interim Finance Authority by May 3.

Mangano released a statement Tuesday calling the agreement "a great opportunity to reduce county spending and create county jobs for a younger generations."

The agreement is intended to help reduce employee costs as the new Republican county executive faces a projected gap of between $200 million and $400 million next year.

Mangano projects his incentive plan will lead to the retirement of 75 police, 160 Civil Service Employee Association members and 66 correction officers, for an annual average savings of $16 million over the next several years. The deal is only for workers who are eligible for retirement.

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He said he expected to fill 75 percent of the vacated positions, including more sewage plant workers and police.