University offers separation program
- Apr. 17, 2012
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The University is offering buyouts for eligible faculty and staff at both the Lawrence and Edwards campuses.
In an email to University faculty, Provost and Executive Vice Chancellor Jeff Vitter outlined a voluntary program that would allow faculty and staff members to apply for early separation.
“The Voluntary Separation Incentives Program is intended to prioritize our funding toward investment in the goals and strategies identified by the KU community in Bold Aspirations,” Vitter said in the email.
According to the email, University faculty and staff are eligible for the program if they are at least 62 years old or have 85 points under the Kansas Public Educators Retirement System and have at least 10 years of service at a Kansas Board of Regents institution or with the Board of Regents office.
Faculty and staff already on a phased retirement agreement, current University retirees who have been re-hired, and faculty and staff on approved long-term disability are not eligible for the program.
The email said each application would be reviewed individually and granted based on whether there is a benefit to the University.
Employees who are approved for the program would receive a lump sum cash payment equal to one year’s base salary, with a $100,000 maximum.
“This is an important decision, and I encourage eligible faculty and staff to consider their situation carefully,” Vitter said.
Edited by Corinne Westeman
