Admit it. Even if someone threatened you, you could not use the word "kuchen" in a sentence. The spell-checker on some computers doesn't recognize it.INDIANAPOLIS – Purdue University officials say an early retirement incentive being offered to more than 1,600 employees is aimed at minimizing the need for layoffs while the school makes spending cuts.
Purdue’s Board of Trustees approved the plan Monday during a meeting at the IUPUI campus. The incentive will pay up to half an employee’s annual salary and provide a five-year allowance toward medical expenses.
Purdue vice president Luis Lewin said the early retirement program will also give the school an opportunity to streamline and reorganize.
Officials are expecting up to 500 total professors and staff members who are at least 60 to leave their jobs. Up to $30 million could be spent on separation pay, but administrators anticipate only two-thirds of those leaving will be replaced.
