UTPA offers buyouts to tenured faculty
POSTED: Thursday, May 22, 2014 - 5:11pm
UPDATED: Friday, May 23, 2014 - 9:54am
EDINBURG, TX (KVEO NEWSCENTER 23) — The University of Texas Pan American is offering buyouts to its more experienced faculty members.
Outgoing President Robert Nelsen offered the buyouts in an email to faculty this week.
Called the "voluntary separation program," eligible faculty can take half their nine-month salary to leave before the new UT-RGV opens.
It's estimated that more than 80 faculty will be eligible for the buyouts. This will be the third optional buyout offered by UTPA in the last three years. The other two had about 20 percent of eligible workers take it.
"A lot of times you end up getting a less expensive alternative," UTPA Vice President of Business Affairs Martin Baylor said. "Because you may take a faculty member that's been here for a very long time who are retirement eligible who's making more than a less-experienced faculty member at that point...it's really more about opportunity than savings."
Those who accept buyouts will work through the 2015 school year.
Faculty will have until July 7 to make a decision.