Retirement incentive gets green light
The Board of Governors for Higher Education has approved a retirement incentive for the University of Rhode Island. URI officials say the plan could save $4 million.
The incentive would provide a one-time payment worth 40 percent of an employee’s current salary if the person agrees to step down. The goal, according to university officials, is to thin the ranks of highly compensated senior staff and make room for new appointments that match URI’s educational priorities.
Some faculty have raised concerns about the retirement incentives, saying administrators are using them to direct faculty hiring into fields they favor, such as science and technology. Critics have expressed concern that his may come at the expense of traditional liberal arts departments.