The State Board of Regents has approved voluntary buyouts for tenured faculty at University of Northern Iowa. The offer pays up to one year's salary, 18-months of health and dental, and payment for accumulated sick days. The buyout would save up to $93,000 in annual salary and benefits: $64,000 per associate professor and $78,000 per full professor, plus benefits ranging from $5,800 to $15,000. It's part of a plan to close a $5-million budget hole.
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