106 KU Employees Approved For Early Retirement

By: AP posted by Carissa Fox
By: AP posted by Carissa Fox

LAWRENCE, Kan. (AP) _ The University of Kansas has accepted applications from 106 employees seeking early retirement buyouts.

A university spokesman says Kansas rejected applications from 43 other employees.

The university offered the early retirement incentive in April to about 665 employees at its Lawrence and Overland Park campuses.

Those approved for the program will receive a one-time payment equal to one year's salary, up to a maximum of $100,000.

Spokesman Gavin Young says decisions on whether to accept the applications were based on whether the individual buyouts would be a financial or operational benefit to the university.

The Lawrence Journal-World reports (http://bit.ly/Nh2Coq ) employees whose applications were accepted have until July 16 to decide whether to accept the offer.

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