University offers a Years Salary to Encourage Professors to Retire
In response to economic worries and budget cuts, Cornell is offering a severance package to retirement age faculty. According a credible, unnamed source, a year’s salary is offered to encourage tenured professors to retire early. No word on the number of professors accepting this offer.
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for the Sun’s coverage on this: http://cornellsun.com/section/news/content/2009/02/27/university-initiatives-encourage-voluntary-retirement