Fletcher Hall stands on University of Tennessee at Chattanooga.EARLY RETIREMENT AT UTC
* Number of employees eligible: 323 * Faculty who applied: 35 * Nonteaching staff who applied: 70 * UTC’s total nontemporary, full-time staff: 1,254 * Total percentage of UTC employees eligible to retire early: 25.8 percent * Percentage of eligible employees who applied for early retirement: 32.5 percent Source: University of Tennessee at Chattanooga
The University of Tennessee at Chattanooga is on track to save about $1 million annually through early retirements.
A total of 105 employees — 35 faculty and 70 nonteaching staff — applied for the university’s offer to let 323 eligible full-time employees retire early in exchange for a lump-sum payment of six months’ salary.
“That doesn’t mean necessarily that all these people are accepting it,” UTC spokesman Chuck Cantrell said. The university still needs to accept the applications, and then employees will have 45 days to make a final decision before they retire by June 30.
Art professor Anne Lindsey is among the UTC faculty who applied to step down.