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U of I Expects to Make Early Retirement Offers
URBANA, Ill. (AP) -- Interim University of Illinois President Stanley Ikenberry expects the school's flagship campus to begin offering early retirement incentives within a few weeks to help cut costs.

Ikenberry says he's "fairly certain" early retirement offers will be made in the next few weeks.

The university is waiting on $436 million in overdue state payments. Illinois' state government is behind on payments to universities and a long list of other public entities but can't pay because of a growing budget deficit.

The university this week started a plan to furlough workers to cut some costs.

Ikenberry says the retirement offers are so far only being considered by the Urbana-Champaign campus. It's the largest of the three U of I campuses.

(Copyright 2010 by The Associated Press. All Rights Reserved.)
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