A view of Deering Meadow on the NU campus.

Faced with financial strains from the COVID-19 pandemic, Northwestern University has announced it is offering a “substantial incentive” to tenured faculty 68 and older to “transition to retirement.”

An announcement from the school says the program is completely voluntary and that eligible faculty will have to decide whether to apply for it between Jan. 8 and Feb. 28.

To be eligible faculty will also have to be in good standing and have been at Northwestern for at least 10 years.

In a statement, Provost Kathleen Hagerty says the program “demonstrates our gratitude for their immense contributions and provides a smooth transition for those who choose to pursue it so that we may build on their legacy of scholarship and achievement in future years.”

Bill Smith is the editor and publisher of Evanston Now.

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