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Over 140 Employees at Eastern Michigan U. Accept Buyouts for Early Retirement

Over 140 Employees at Eastern Michigan U. Accept Buyouts for Early Retirement

“EMU, contending with a decline in enrollment, announced the buyout plans in May”

This is a smart move. It sure beats waiting and finding out you’re going to get nothing.

MLive reports:

142 Eastern Michigan University employees accept early retirement buyouts

A total of 142 Eastern Michigan University employees accepted voluntary early retirement packages last month.

EMU, contending with a decline in enrollment, announced the buyout plans in May, saying the early retirement packages would help the university invest in new academic programs and facilities.

Among those accepting buyouts were 42 professors and 10 full-time lecturers, according to an employee breakdown obtained by The Ann Arbor News/MLive through a Freedom of Information Act request. Slightly more than 600 EMU employees were eligible to participate in early retirement buyouts, EMU President James Smith said.

The remaining employees accepting early retirement packages included:

28 professional/technical employees;
24 clerical/secretarial employees;
21 administrative professionals;
11 food/maintenance workers;
3 confidential assistants;
2 campus police officers;
1 athletic coach

EMU did not provide details how much it will pay in total to employees who accepted the packages.

Savings to the university will be determined after EMU makes an evaluation of how the various positions are affected by particular employees’ decision to participate in the plan.

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Comments

With the market pretty high, it’s a decent time to pop out and switch to safer stuff if you are ready to retire. An added perk and you wouldn’t have to tell me twice if I was at that age.

EMU was pathetic in the 70’s and has gone down hill since. Mosr valuable thing i learned there was that playing frisbee was more valuable than the classes for which i signed up. Send yer kids to Hillsdale.

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