KENT, Ohio — Kent State University wants to hire more research faculty with savings from buyouts offered to existing faculty members ready to retire.

Officials say the school plans to use projected savings of nearly $19 million from the buyout to hire tenure track, research-focused faculty over the next eight years. The university’s board of trustees approved the buyout offer Wednesday.

Officials say full-time faculty members with 15 years of experience or already retirement eligible can apply for a buyout equal to one year’s salary paid out over five years. Anyone who takes the deal would have to retire by May 31, 2018.

University officials haven’t indicated how many faculty members they hope will accept the offer.

Author photo
The AP is one of the largest and most trusted sources of independent newsgathering. AP is neither privately owned nor government-funded; instead, as a not-for-profit news cooperative owned by its American newspaper and broadcast members, it can maintain its single-minded focus on newsgathering and its commitment to the highest standards of objective, accurate journalism.