State Audit Shows Inconsistencies In University Of Missouri Early Retirement System

Discrepancies in the University of Missouri’s early retirement system have prompted an audit by state officials. State Auditor Clarie McCaskill has found the system favored some administrators over educators when rehiring early retirees, particularly at the University of Missouri-St. Louis. In addition, some retirees received dual incentives, cash buyouts, and early retirement payments. McCaskill stresses the school’s Voluntary Early Retirement Incentive Program did work to encourage retirements that would free up money for reinvestment throughout the system.