Albuquerque, NM (KKOB)–In an effort to cut costs, the University of New Mexico is asking hundreds of employees to take early retirement.
The Albuquerque Journal reports that UNM recently sent out information to more than 600 employees asking them to consider what’s being called a “Voluntary Retirement Incentive Option”. Spokesman Daniel Jiron says it would include a lump sum of up to 25 percent of the employee’s base salary.
Jiron says UNM doesn’t have an estimate on how much the move will ultimately save. He tells the Journal that the administration approved the program after getting the OK from unions on campus.