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All 423 employees who applied for the optional Staff Retirement Incentive initiative announced in February were accepted into the program, according to a statement released by Vice President for Human Resources Mary Opperman today. The soon-to-be retirees, who were notified of their acceptances this afternoon, will each receive more information in the mail on how to proceed with their retirement.
All employees over the age of 55 who have been working at Cornell for more than 10 years, were open to apply for the incentive program throughout the month of March. The accepted employees will receive an “enhanced contribution” to their retirement accounts and an additional lump-sum payment based on their base salary.