From AP - News Headlines -

More Than 600 Apply for UI Voluntary Separation Incentive

Just over 600 employees on the University of Illinois' Urbana campus want to take advantage of voluntary separation programs offered early this year.

Friday is the deadline for applicants looking to leave their jobs or retire through the program. The incentive was offered earlier this year as a means for the U of I to cut costs amid Illinois' bleak financial picture. Spokeswoman Robin Kaler says human resources staff had no idea how many applicants they'd get, but she says the mere volume means employees won't hear word on a decision until the first week of May. Kaler says departments will soon have their work cut out for them when reviewing names. "Would allowing 'Person X' to separate save you money?,' says Kaler. "And obviously, if a unit has more than one person who's signed up, they would look at the whole picture. It might be that 'boy, we'd need to replace a piece of this person, but if that person also left, we could replace two people with one, or something like that." Kaler says the 613 applicants included about 350 civil service workers, and 180 academic professionals. Meanwhile, about 90 tenured faculty members, and another 16 adjunct professors and lecturers took advantage of a voluntary retirement incentive. About 30 applicants weren't eligible for the program, with about 20 more names to review. Human Resources on the Urbana campus offered the Campus Separation Incentive programs to anyone who had been on campus for at least four consecutive years. The retirement incentive applies to staff who meet State University Retirement System eligibility requirements. Eligible employees approved for either incentive would receive a lump sum payment of half their annual salary, with a maximum payment of 75-thousand dollars.

Categories: Economics, Education