Penn State is offering some of its commonwealth campus employees the option to voluntarily leave the university for lump-sum payments as those campuses continue to grapple with financial difficulties. Eligible full-time faculty, staff and administrators must decide by May 31 if they wish to retire or pursue other jobs in exchange for a payment equal to a year of their base salary. The voluntary separation incentive program comes as the university faces a mounting deficit that school leaders hope to balance by 2025.
