The latest move by Texas A&M University to reduce future budgets is an early retirement program.
Veteran tenured faculty were notified Monday of where to find details of the voluntary separation proposal.
Depending on the college, the buyout is as much as a one time payment that equals two years of a faculty member’s nine month salary.
Applicatons will be accepted starting Sunday and runs through September 23rd. Those who are accepted can leave as early as December 15th and as late as August of next year.
Priority will be given to those that meet the state teacher retirement system “rule of 80″…which combines the person’s age plus years of service in the A&M System.
Click HERE for guidelines and information on the voluntary separation