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While students at Rutgers University are bled with endless tuition hikes, and New Jersey residents sink into bankruptcy and lose their houses, greedy Rutgers professors ready for retirement have turned their noses up at a gold-plated buyout any one of us would be creaming our pants to get.

"Earlier this year, Rutgers University offered 280 of its top professors a deal that school officials hoped was too good to pass up.
If the professors were 65 or older and had worked at the university more than 25 years, Rutgers would cut them a lucrative one-time-only check to sign their retirement papers.

For some tenured professors, the deal meant they could walk away with more than $200,000 in cash in addition to their usual retirement benefits.

But in the end, only 38 professors — or less than 14 percent of the eligible employees — took the buyout, campus officials said. Most left the Rutgers payroll earlier this month."

Reports the Jersey Star-Ledger newspaper.

"’I think the numbers are considerably lower than they were expecting,’ said Adrienne Eaton, president of the Rutgers chapter of the American Association of University Professors-American Federation of Teachers, the faculty union."

Gee, ya think?

Rutgers University has money to piss away on a losing football program, a women’s basketball coach with a million-plus yearly salary who STILL hasn’t won a title in going on two decades at the school, countless administrators and professors who can’t be bothered to answer calls or emails, and now these greedy bastard professors – while putting the screws to its students and bleeding them of every last penny year after year.

No wonder New Jersey kids avoid going to Rutgers like the plague.

Originally posted to toots74 on Fri Jul 09, 2010 at 07:20 PM PDT.

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