Penn State offers a "voluntary separation incentive program" (VSIP) to eligible employees at its 20 Commonwealth campuses, reducing full-time faculty, staff, and administrators amid budget issues.
Penn State is offering a "voluntary separation incentive program" (VSIP) to eligible employees at its 20 Commonwealth campuses, providing them with a lump sum payment equivalent to 12 months of their base salary and subsidized health benefits for six months, as it grapples with budget issues. The program aims to reduce the number of full-time faculty, staff, and administrators at these campuses. The VSIP is not being implemented at University Park, the law schools, or the College of Medicine.
May 08, 2024
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