Our membership voted 92.53% to 7.47% to approve the Retirement Incentive Option (RIO) Program Memorandum of Agreement (MOA) designed to incentivize retirements, help address the PSU’s budget deficit, and reduce the need for layoffs. This program offers eligible AAUP-represented faculty members a one-time cash incentive to retire early. The full MOA can be found HERE.
Now that the MOA has been ratified, eligible members will have a minimum of 45 days to make the election to opt-in. The election window will be open until at least December 18, 2024.
View the full results of the vote HERE.
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Retirement Incentive MOA Passes
October 29, 2024 / PSU-AAUP