University of Montana Offering BuyoutsJuly 3, 2017 |
by Associated Press
MISSOULA, Mont. — Six University of Montana faculty members have expressed interest in the university’s second round of buyouts.
The Missoulian reports the university recently offered early retirement incentives to 100 faculty members to reduce personnel costs due to declining enrollment. Fourteen who were of retirement age expressed interest, along with the six from the second round.
The Montana Legislature allocated $2 million for UM to offer a half year’s salary to buy out 48 faculty members.
UM President Sheila Stearns has said the university expects to soon determine which programs and services will face reductions and plans to use some of the buyout money to cover termination expenses. She did not anticipate offering any other buyouts.Semantic Tags: Budget & Budgeting • buyouts • Diversity • early retirement • Educational Finance • Faculty • Funding • President Sheila Stearns • Public Colleges & Universities • University of Montana