Archive for Tuesday, June 5, 2012

106 KU employees approved for early retirement buyout packages

June 5, 2012


Kansas University accepted 106 applications for an early retirement buyout program last week, while rejecting the applications of another 43 people who applied, a KU spokesman said.

In April, KU announced the program, available to about 655 of its more than 4,800 faculty and staff members in Lawrence and Overland Park.

KU spokesman Gavin Young last month said that about a quarter of the people who applied were faculty, a quarter were unclassified staff and about half were university support staff. He did not have a similar breakdown for the number of people whose applications were accepted by KU.

People approved for the program will receive a one-time payment equal to one year’s salary, up to a maximum of $100,000.

Generally, employees could apply for the program if they were 62 or older at the time of their separation and had at least 10 years of service working for a Kansas Board of Regents institution or the Kansas Board of Regents office. Instead of being 62 or older, employees also could qualify if their years of service and their age added together equaled more than 85.

Applications were approved or denied based on whether the application created a financial or operational benefit to the university, Young said.

Employees whose applications were approved have until 5 p.m. July 16 to decide whether to accept KU’s offer.


Bob_Keeshan 5 years, 10 months ago

Note how the Associated Press has picked up this story, and applied official Associated Press style to it LAWRENCE, Kan. — The University of Kansas has accepted applications from 106 employees seeking early retirement buyouts.

I remain curious as to what other parts of the AP stylebook the LJ World chooses to ignore, and how this paper's writers deal with the embarrassment. Heck, even many non-newspaper jobs now require applicants to know AP style.

Enoughsaid 5 years, 10 months ago

Any likelihood the Chancellor will retire. It would be nice to have a chancellor that was born after the depression.

Cant_have_it_both_ways 5 years, 10 months ago

What value did or does the taxpayer get from this?

verity 5 years, 10 months ago

Interesting question.

"Applications were approved or denied based on whether the application created a financial or operational benefit to the university, Young said."

I wonder how that was decided. I'm wondering if a number of these people would have retired anyway as they all seem to be eligible for retirement by regular standards. It would be nice to have more information on the exact break down.

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