Retirement Incentive Offered to About 250 Employees
The University of Arizona is offering a one-time retirement incentive to some campus employees as the University faces a proposed 20 percent cut in funding from the state.
About 250 employees are eligible for the voluntary retirement incentive program, which could help the University save millions of dollars, said Allison Vaillancourt, UA vice president for human resources.
Only tenured faculty and appointed personnel with continuing status appointments can take advantage of the offer. To be eligible, they must be age 65 or older, have current appointments of no less than .50 FTE and must have completed 10 years of service at the UA. They also must not have already entered into a retirement agreement or entered into a phased retirement agreement under the UA's optional retirement plan.
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