Posted on 02/28/2017 6:13:11 AM PST by BlackAdderess
UNIVERSITY PARK, Pa. (AP) - Nearly 600 faculty and staff have taken a voluntary retirement package from Penn State University, including more than 400 employees on the main campus.
The Centre Daily Times (http://bit.ly/2mvKKvq ) reports 419 main campus employees took the offer, while 168 others did on satellite campuses.
Forty-six percent of employees eligible for the early retirement took it, more than the university anticipated. Faculty 62 and older and staff 60 and older were eligible for a year's lump sum pay if they had at least 15 years' service.
(Excerpt) Read more at philly.com ...
Yes! Excellent point. In the Maine public colleges
adjuncts make about $3000-$4000 teaching a standard 3 credit course. The college only pays its share of the FICA tax.
So yes considerable savings to hire one or two adjuncts to replace a full professor. More funds available to hire more
administrators, assistant deans and so forth.
Thanks.
They are quickly running out of gimmicks to balance the state budget in Harrisburg.
Cuts are coming. They know it.
It looks like a total of 20,040 with 6,178 professors. You all are right about a lot of them being tenured with 2,258 total.
Thanks.
Bookmark
1. Probably
2. Just different types of poison to fill the young minds of their “educated” victims instead of the same elixir.
Voluntary retirement? What if they did not want to leave?
PUSH SHOVE GONE!
Penn State current has an endowment of $3.636 billion.
Some give you the choice of retiring or getting fired.
Harvard reportedly has a big enough endowment to give everyone free tuition for the next 99 years.
But you don’t think they’re actually gonna touch it, do you?
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