LAWRENCE, Kan. (AP) The University of Kansas is offering buyouts to 540 of its faculty and staff on its Lawrence and Edwards campus in Overland Park.
Provost Jeff Vittner announced the buyouts Monday in an email to university employees. He says those who accept the buyouts would receive a cash payment equal to one year’s salary, up to a maximum of $100,000.
The Lawrence Journal-World reports the 540 staff members represent 11.25 percent of the university’s faculty and staff.
Gavin Young, a spokesman for the provost’s office, says the buyouts were not established with a specific amount of savings in mind.
Employees can apply for the program through May 15, and must leave the university between July 24 and Dec. 31.
