University of Missouri buyout offer has 110 takers

3 years 5 months 4 days ago Saturday, December 20 2014 Dec 20, 2014 Saturday, December 20, 2014 1:08:00 PM CST December 20, 2014 in News
By: The Associated Press

COLUMBIA (AP) - More than 100 faculty members at the University of Missouri's flagship campus in Columbia are taking buyouts and retiring.

The Columbia Missourian reports that more than 42 percent of eligible faculty members, or 110, were approved for the buyout. The majority of them won't retire until August.

To qualify, faculty had to be retirement eligible and turn 62 by Aug, 31, 2015. They were eligible for a one-time payment of 1 1/2 times their base salary, not to exceed $200,000.

The program will free up about $17 million in budgeted salaries and benefits.

MU spokesman Christian Basi says some rehires will take place, but the number has not been finalized.

 

More News

Grid
List
COLUMBIA- Organizers are expecting a large turnout for the 30th annual "Salute to Veterans" airshow on memorial day weekend. ... More >>
37 minutes ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 2:53:00 PM CDT May 25, 2018 in News
COLUMBIA- When most people lose an animal, one of the first steps is to put a "missing" sign on a... More >>
44 minutes ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 2:46:00 PM CDT May 25, 2018 in News
COLUMBIA - Aircraft and pilots met at Columbia Regional Airport Friday to prepare for the 30th annual "Salute to Veterans"... More >>
45 minutes ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 2:45:00 PM CDT May 25, 2018 in News
CALIFORNIA - A high-speed car chase ended Sunday when the suspect slid into a ditch, according to a press release... More >>
1 hour ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 2:30:00 PM CDT May 25, 2018 in News
JEFFERSON CITY- It's no secret more cars will out for Memorial Day weekend, but many drivers are taking precautions before... More >>
1 hour ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 2:16:00 PM CDT May 25, 2018 in News
JEFFERSON CITY - More than five hundred Missourians have lost their hunting, fishing and trapping licenses after a Department of... More >>
1 hour ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 1:48:00 PM CDT May 25, 2018 in News
HARRISONVILLE (AP) — Authorities say a 12-year-old Missouri boy fought off an attempted abduction by hitting the suspect... More >>
6 hours ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 8:53:00 AM CDT May 25, 2018 in News
COLUMBIA - Missouri State Highway Patrol is investigating an early morning crash on I-70 Westbound. It caused major backups... More >>
6 hours ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 8:47:00 AM CDT May 25, 2018 in News
COLUMBIA - On Thursday, the Columbia Airport Advisory Board announced the TSA approved a security screening lane to open by... More >>
15 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 11:41:00 PM CDT May 24, 2018 in News
COLUMBIA- May is known for Mother’s day, Memorial Day and in Missouri, the start of tick season. “May, June... More >>
19 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 8:21:00 PM CDT May 24, 2018 in News
COLUMBIA – The Columbia City Council discussed a recent engineering study today centering on increasing traffic flow east of Columbia.... More >>
20 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 7:11:00 PM CDT May 24, 2018 in News
LAKE OZARK - The Missouri State Highway Patrol is encouraging people to practice safe boating ahead of Memorial Day weekend.... More >>
20 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 6:55:00 PM CDT May 24, 2018 in News
HOLTS SUMMIT - After two months without a police department, New Bloomfield finally has one thanks to the city of... More >>
21 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 5:50:00 PM CDT May 24, 2018 in News
COLUMBIA - The University of Missouri has agreed to pay $50,000 to settle a lawsuit filed after Athletic Director Jim... More >>
22 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 4:54:00 PM CDT May 24, 2018 in Sports
MONROE CITY - Some people diagnosed with Parkinson’s Disease fight back, as did Michael Crager, the founder of Rock Steady... More >>
23 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 4:18:00 PM CDT May 24, 2018 in News
JEFFERSON CITY – The U.S. Department of Health and Senior Services made changes to a family planning program, which the... More >>
23 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 3:56:00 PM CDT May 24, 2018 in News
JEFFERSON CITY - In sometimes heated testimony, members of a Special House Investigative Committee looking into the Eric Greitens... More >>
23 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 3:54:00 PM CDT May 24, 2018 in News
JEFFERSON CITY - A report on a statewide rape kit audit shows that there are at least 4,889 untested sexual... More >>
1 day ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 3:23:00 PM CDT May 24, 2018 in News
Columbia, MO
Broken Clouds 79°
4pm 85°
5pm 83°
6pm 82°
7pm 81°