State universities to offer early retirement incentives
Friday, March 19, 2010
To save money, the State System of Higher Education plans to offer a voluntary retirement incentive to the workforce at its 14 campuses, including California, Clarion, Edinboro, Indiana and Slippery Rock universities.
The system's Board of Governors today approved the program for both union and management employees who are full-time and permanent. They also must be at least 60 years old or have served for 35 years and be eligible for annuitant health care benefits. The employees must decide between March 29 and May 28.
Agreements are in the works with five labor unions.
"We are facing very difficult financial challenges, just like every other higher education institution in America," Board of Governors Chairman Kenneth Jarin
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