Univ. of Idaho offering incentives for employees who choose to leave amid financial crisis

Univ. of Idaho offering incentives for employees who choose to leave amid financial crisis
University of Idaho/Facebook via CNN

The University of Idaho is offering incentives for employees who choose to leave the institution, according to 4 News Now partner Pullman Radio.

The university is currently dealing with a financial crisis that is expected to reach $22 million.

President Scott Green announced the incentives in a campus memo sent Friday.

Eligible employees who agree to quit will receive a third of their current salary. Eligible employees who are 55 or older, and who have worked at least 20 straight years at the university, can take a retirement package. Those employees would receive 20 percent of their current salary for five years.

Applications for the incentives are due December 13.