Eight take early retirement offer at UAMS | Arkansas Blog

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.

From the ArkTimes store

Favorite

Comments

Subscribe to this thread:

Add a comment

More by Max Brantley

Readers also liked…

  • Auditor Lea caught not telling the truth

    State Auditor Andrea Lea, who began her tenure in statewide office with a degree of competence unseen in some other Republican counterparts (think Treasurer Dennis Milligan particularly), is becoming more deeply mired in a political scandal.
    • Mar 4, 2016
  • Arkansas: Land of .......

    Welcome to Arkansas: Land of cowardly politicians, discriminatory laws, inhumane turkey drops and lots and lots of Trump voters.
    • Oct 8, 2016
  • Another Republican miracle-working governor

    Great piece in Washington Post on the budget crisis in Louisiana. Big tax cuts and corporate welfare will do that to a state, particularly to a state whose previous governor, Republican Bobby Jindal, refused to join the Obamacare-funded Medicaid expansion. There's a lesson there for Arkansas.
    • Mar 4, 2016

Most Shared

  • ASU to reap $3.69 million from estate of Jim and Wanda Lee Vaughn

    Arkansas State University announced today plans for spending an expected $3.69 million gift in the final distribution of the estate of Jim and Wanda Lee Vaughn, who died in 2013 and 2015 respectively.
  • Bad health care bill, again

    Wait! Postpone tax reform and everything else for a while longer because the Senate is going to try to repeal and replace the Affordable Care Act one more time before September ends and while it can do it with the votes of only 50 senators.
  • Sex on campus

    Look, the Great Campus Rape Crisis was mainly hype all along. What Vice President Joe Biden described as an epidemic of sexual violence sweeping American college campuses in 2011 was vastly overstated.
  • The inadequate legacy of Brown

    LRSD continues to abdicate its responsibility to educate poor black students.

Most Viewed

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation