UNI offers early retirement incentives for further cost cutting - KWWL - Eastern Iowa Breaking News, Weather, Closings

UNI offering early retirement incentives as further cost cutting step

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CEDAR FALLS (KWWL) -

The Iowa Board of Regents gave the green light Monday to the University of Northern Iowa's latest cost cutting plan.

UNI is changing language in its "early separation incentive program."  The changes encourages tenured university faculty to resign or take early retirement, by offering a full year's salary with some benefits, including pay for accrued sick time. 

The incentives will only be offered to staff who will be impacted by the upcoming elimination and consolidation of academic programs.  Those changes are expected to be announced by Wednesday.  Faculty interested in accepting the early separation incentives must agree to the terms by April 23. 

This measure is aimed at saving costs, as part of UNI's ongoing budget cuts.  But right now, the university is unsure of exactly how much money will be saved through early retirements.  That's because the savings will depend on how many people choose to enroll in the incentive program.

A university spokesperson says the measure is a "humane way" of reducing staffing levels during the university's restructuring process.

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