University of Oklahoma eyes early retirement offer amid cuts
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March 8, 2017
NORMAN, Okla. (AP) — The University of Oklahoma is considering another round of voluntary early retirement offers to faculty and staff as a cost-saving move amid further expected budget cuts.
An agenda item for Wednesday's OU Board of Regents meeting includes a recommendation from President David Boren that members approve the Special Voluntary Retirement Incentive.
If approved, university officials hope to save an estimated $9.4 million in annual budget costs of the Norman campus.
The buyout would apply to faculty and staff ages 60 and older and would include a one-time payment of 75 percent...
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