Friday, June 6, 2014

Eight take early retirement offer at UAMS

Posted By on Fri, Jun 6, 2014 at 12:36 PM

The University of Arkansas Board of Trustees will meet by conference call Monday to approve early retirement agreements from UAMS.

UA spokesman Ben Beaumont said the Board will have eight such agreements to consider.

We wrote in April about the early retirement incentive offer, an effort to pare costs of the tenured faculty at the College of Medicine. 

The deal includes 125 percent of a year's pay, plus $15,000, payable over for three years, and some other benefits. UAMS said at the time that 80 people were eligible and savings of roughly $14 million over three years were possible if a quarter of them, or 20, accepted the offer.

With eight taking the deal, the savings are reduced proportionately, but still worth several million depending on the faculty members' pay.

The UA Board also will vote on emeritus status for Don Pederson, retiring as vice chancellor for finance at UA-Fayetteville.

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