Early Retirement Could Reduce 400 PositionsIn recent weeks, the MIT community has been notified of the impending deficit and the cutbacks needed to minimize future deficits. The projected cutback of 400 positions over four years has many of the staff worried about their job security.
All of the recent articles have given us the same predictions, but none has mentioned the obvious solution: early retirement options as a means to reduce staff and payroll. I have called the Payroll and Personnel Departments, and have written to the Provost's office, in an effort to determine if this is an upcoming option, but so far have not been able to get a definitive answer.
I believe if MIT were to offer a so-called "Golden Handshake," it would be able to reduce the staff by 400 or more positions in a much shorter time span. State, federal, and private sectors have chosen this route, and it has proven to be an effective way of reducing costs.
One of the simplest methods to achieve the required staff reduction would be to add five years to the longevity of any member of the staff/support staff with twenty or more years of service.
If you and your staff feel inclined to pursue this question, I am sure that the community would appreciate your efforts to keep us informed about the decisions shaping our future.