KEARNEY – University of Nebraska at Kearney will offer eligible faculty members an early retirement opportunity under a Voluntary Separation Incentive Program offered this fall. Tenured faculty members age 62 or older with at least 10 years service within the University of Nebraska are eligible.
Approximately 40 faculty at UNK may be eligible for partial salary buyouts.
The VSIP offers an incentive of 90 percent of a faculty member’s base salary in a cash payment upon separation from UNK. Health-care coverage will be the responsibility of the faculty member after their separation from the university. VSIP is a voluntary incentive and faculty must make application to be considered between Oct. 2 and Nov. 24.
UNK offered a VSIP in 2011 and eight faculty members participated.
“Quality faculty members are without question the backbone of our academic enterprise,” said UNK Chancellor Doug Kristensen. “The program will help many who have served UNK most faithfully and who are ready to retire, while enabling us to strategically allocate resources into areas for continuing and focused improvement.”