A new voluntary faculty retirement incentive program will be offered to about 220 faculty members.
The voluntary program, approved by the Board of Governors, has been designed for faculty who meet certain eligibility requirements and offers a minimum incentive of $65,000. Eligible faculty who choose to participate in the program must retire on June 30 or July 1, 2010.
Alan Weedon, Vice Provost, Academic Planning, Policy and Faculty, says personalized information packages outlining the details of the retirement incentive program will be made available to eligible faculty members through their respective deans by Dec. 10.