Western Michigan University is offering buyout packages to tenured faculty over age 60 as a way to address budget shortfalls.
According to a document obtained by MLive, the “Voluntary Separation Program” will offer tiered buyouts of 50-100% of the 2026-2027 fiscal year base salary for eligible faculty that apply for the program.
Faculty must also have had a minimum of 10 years of service to qualify, and the buyout percentage is based on the faculty member’s years of service…