CHARLOTTESVILLE, Va. (AP) — The University of Virginia is offering an early retirement package to about 800 employees.
The voluntary package announced Tuesday includes nine months’ salary and a $9,000 health care subsidy. It’s being offered to eligible staff members 55 years old or older who have at least 20 years of uninterrupted employment with the state.
Eligible employees work either in U.Va.’s academic division or at the College at Wise, in positions ranging from administration to technology support. Faculty and classified staff aren’t eligible for the retirement package.
University chief human resources officer Susan A. Carkeek tells The Daily Progress that the early retirement package is “a one-time offer.”
Carkeek says the goal is to help reduce costs in the long term by restructuring or eliminating some positions after employees leave.
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