University of Nebraska Offers Buybacks to Around 400 Aging Teachers

University of Nebraska Offers Buybacks to Around 400 Aging Teachers

The University of Nebraska is giving around 400 aging teachers the option to retire early via a buyout.

Teachers who are at least 62 and have been employed with the university for a decade will have the opportunity to collect a lump payments equal to 80% of their yearly base salaries.

This isn’t the first time the University has offered buybacks to aging teachers.

Back in 2014, the university payed over $9-Million to 89 teachers.

The move is being promoted by Lincoln Chancellor Ronnie Green as a good retirement option for dedicated instructors as well as an effective cost saving measure for the university.