Many University of Missouri administrators accepted buyouts
COLUMBIA (AP) - Almost half of eligible academic administrators at the University of Missouri have accepted voluntary buyouts.
The Columbia Daily Tribune reported 13 of the 28 eligible administrators accepted buyouts of 1.5 times their salaries, not to exceed $200,000. The buyouts, which were announced in January, were offered to tenured faculty as long as they were at least 62 and eligible for retirement by Aug. 31.
School officials declined to reveal the identities of those who accepted the buyouts, citing protection of personnel records.
Several faculty members took buyouts in September that the school said saved the institution about $17.7 million.