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Trustees move forward with voluntary separation incentive

by UofL Today last modified Mar 07, 2013 06:31 PM

The UofL Board of Trustees has approved moving ahead with a proposed voluntary separation incentive program for qualified employees.

The program will offer a financial incentive and other benefits to employees who meet certain criteria and agree to separate from the university. Several trustees praised the plan for being a creative way to reward long-term employees, fund new initiatives, trim tuition increases and provide salary increases for faculty and staff. The program is expected to save the university at least $2.5 million next year.

Provost Shirley Willihnganz told the board that more than 300 faculty and staff have expressed interest in the program. Employees have until March 15 to submit a non-binding, confidential expression of interest. Those who accept the incentive will have until May 1 to finalize the agreement.

More information on the on the program.

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