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October 26, 2001

Early retirement option extended

by John McCarroll
University employees who will be eligible for early retirement by June 30, 2002, will have an additional two years to separate from the university.

President Gregory Geoffroy announced Oct. 19 that, subject to administrative approval, eligible faculty and staff may request an early retirement date until June 30, 2004. To be eligible, employees must be at least 57 years old with at least 15 years of employment at Iowa State.

Approximately 500 Iowa State employees are eligible for the early retirement program, according to Warren Madden, vice president for business and finance. All eligible employees will receive information on the early retirement program from the Office of Human Resource Services.

In June 2001, the Board of Regents, State of Iowa, voted to allow Iowa State, the University of Iowa and the University of Northern Iowa to decide whether to provide an extension for the early retirement program.

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