UC Regents OK Early Retirement Plan
The University of California Board of Regents on Friday approved early retirement incentives for faculty and staff to help the system “manage effectively through this fiscal crisis,” UC President Jack W. Peltason said.
Officials estimate that about 4,400 UC employees, about 6% of the full-time work force, may take the early retirements.
UC Berkeley faculty are being offered a somewhat different plan than colleagues at the other eight UC campuses. The Berkeley plan gives less credit for a professor’s age in an effort to retain what Chancellor Chang-Lin Tien contends are crucial faculty in their late 50s.
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