Ohio University Offers Financial Incentives To Urge Retirement< < Back to
Update (6:20 3/3/20)
Ohio University is making some adjustments nearly a month after introducing its initial Voluntary Separation or Retirement Program (VSRP) for certain tenured personnel. An email made available to WOUB News, informs eligible employees that there are now alternate exit dates for participants.
The original separation date is May 31, 2020 but there are now options for “circumstances where the university has determined and documents a business necessity for the university.” The new exit dates are:
- June 27, 2020
- August 15, 2020
- December 31, 2020
Carly Leatherwood, spokesperson for the university says, “The alternate dates were provided to provide flexibility based on curricular needs and to ensure we are providing the best possible student experience.”
This announcement comes less than a week after Ohio University’s President Duane Nellis warned employees of additional budget-related cuts. Faculty and students continue to voice concerns regarding the impending loss of faculty and those who contribute to the educational environment at Ohio University.
Ohio University is offering certain faculty, administrators, and custodians an early retirement agreement to help save money.
Eligible employees received details about the voluntary separation plans Wednesday, February, 5, a little more than two weeks after the idea of offering a plan was approved at the Board of Trustees meeting in January.
According to a press release, the program is offering 608 tenured faculty/administrators and 66 custodians a financial incentive to retire or “voluntarily separate” from the university by the end of May.
Eligible Ohio University employees include tenured professors, associate professors, administrative staff who have tenured or associate professor rank, and custodial staff. Employees of the Heritage College of Osteopathic Medicine, among others, are ineligible for this incentive program.