Earlier this month the province said it would give an additional 12 weeks pay to those with more than 25 years of service.
Finance Minister Jerome Kennedy says the incentive is another way to reduce layoffs.
Kennedy says 250 people applied for the package with 106 approved and another 97 under review.
He says about 50 applications were denied for various reasons.
About 167 positions have been eliminated to date, although more cuts are expected in Tuesday's budget.