UW-Milwaukee officials on Monday explained details of a new buyout offer for employees. The plan encourages faculty and staff who are close to retirement to leave early.
The campus stands to lose as much as $40 million in state aid over the next two years, if lawmakers approve Gov. Walker’s budget. One way UWM is looking to deal with the shortfall is through a buyout program.
Chancellor Mark Mone says the university will offer the deal to about 300 of its 4,500 employees.