COLUMBIA, Mo. (AP) - Nearly 190 faculty members from the University of Missouri System have accepted buyouts and will retire by Sept. 1.
The Columbia Missourian reported faculty meeting certain criteria - including being tenured and at last 62 - had until Friday to make their decision final. Faculty who took the buyout will receive a payment equal to 1.5 times their benefits-eligible salary.
The system president’s office said 94 of 226 eligible University of Missouri-Columbia faculty members -42 percent - accepted the buyouts.
At Missouri-Kansas City, 47 percent - or 50 of 106 - eligible faculty accepted. Another 34 percent - 24 of 71 - of eligible University of Missouri-St. Louis faculty accepted, and 35 percent - 19 of 55 - of eligible faculty at Missouri University of Science and Technology faculty accepted.
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Information from: Columbia Missourian, http://www.columbiamissourian.com
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