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OSHKOSH, Wis. (AP) — The University of Wisconsin-Oshkosh is the third campus to offer voluntary retirement buyouts for faculty and staff as the UW System faces possible budget cuts.
The university said Tuesday it's offering eligible employees a one-time payment equal to 50 percent of an employee's annual base salary. UW-Eau Claire and UW-Superior have made similar offers.
In an email to employees, Oshkosh Chancellor Andrew Leavitt offered the incentive to anyone with 25 years of service to the state and is at least 60 years old. The university expects about 100 employees will be eligible. Plans are to reduce its workforce by 80 over the next three years.
Gov. Scott Walker has proposed a $300 million cut in funding to the university system. The Legislature's budget committee will spend the next few months revising Walker's biennial proposal.
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