300 people to take UofL buyouts offered in February

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WHAS11.com

Posted on June 14, 2013 at 12:05 AM

Updated Friday, Jun 14 at 12:34 AM

LOUISVILLE, Ky. (WHAS11) -- UofL President James Ramsey says around three hundred people have indicated they will accept a buyout plan offered in February.

Savings from the buyouts are expected to be more than the goal of $2.75 million.

The buyouts were offered as a way to reduce salary costs amid state budget cuts.

The buyouts offer faculty one year of pay while administrators and staff would receive six months.

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