Enough early retirements to avoid layoffs at the UI?

Nearly 600 University of Iowa employees have applied for an early retirement incentive, part of budget cuts. The application deadline for the program is tomorrow, Sept. 30. UI President Sally Mason has said the university must cut several hundred jobs in response to state budget cuts. Officials hope most of the cuts can be made through attrition and early retirement. As of yesterday, the UI had received 562 applications for early retirement, though not all of those who apply will be approved. UI officials should know in November or December the final tally of those approved for early retirement, and therefore the salary and benefit savings through the program. Of the 562 applications, about 60 percent were from UI Health Care, which includes University of Iowa Hospitals and Clinics and the Carver College of Medicine. Similar early retirement incentives offered this summer at Iowa State and UNI also drew a lot of interest.

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