Make them participate in the federal health and retirement programs.

The bank just announced an early retirement program for which 2,600 people are eligible.

The new retirement program gives recruits a choice of three plans.

The company cut its work force by about 7 percent in 1993 to 23,216 people, largely through a voluntary retirement program.

Arizona required that early retirement programs be paid for up front.

But the costs of federal retirement programs and health care are exploding.

The expansion of the retirement programs would cost more than $50 billion over 10 years.

"We took into consideration that when working with retirement programs, one size does not fit all," he said.

But the retirement program will cost the board in the long run.

For example, the management had estimated that only 15,000 to 20,000 people would choose this year's early retirement program.