Retirement Incentives Proposed for URI

Wednesday, December 7, 2011

Professors and professional staff at the University of Rhode Island who are 60 years old and have at least 10 years experience would be eligible for a retirement incentive program unveiled Monday.

Those who qualify would get a one-time payment of 40 percent of their salary and help with health insurance costs. About 370 employees, some with six-figure salaries, are eligible.

The state Board of Governors for Higher Education postponed action on the plan Monday evening to see if similar plans might be possible for staff at Rhode Island College and the Community College of Rhode Island.

URI officials said the retirements would allow them to align staff with priorities to beef up academic offerings, such as those in languages and science.

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