LAWRENCE, Kan. (AP) – More than 60 of the University of Kansas’ tenured or tenure-track faculty on the Lawrence campus are taking an early retirement buyout.
The Lawrence Journal-World reports that’s about 6 percent of the 1,000 faculty members in Lawrence. They will leave between May 31, 2019, and May 31, 2020.
Interim provost and executive vice chancellor Carl Lejuez says the buyout program is designed to help the university with $20 million in budget cuts. The deadline to sign up was Oct. 5
The faculty members will receive their annual base salary for a year. Lejuez estimated those retiring were earning an average of about $100,000. They will not receive their standard benefits package.
Lejuez says some of those retiring are associate professors, but some faculty in leadership positions are also taking the buyout.