early retirement

Education
11:22 am
Tue March 19, 2013

EKU Cuts Spending, Regents Promote Early Retirements

While Eastern Kentucky University is working to cut spending by $23 million, its Board of Regents will promote early retirements to before instituting layoffs. Chairman Craig Turner says a plan the regents approved Tuesday morning offers incentives to professors willing to work part-time and staff members who qualify for early retirement.

“The objective here again is to treat everybody as fairly as possible, providing incentives for them to potentially retire, and based upon those numbers, then that will determine how deep cuts go on the reduction plan itself,” Turner said.

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