Voluntary buyout packages for University of Northern Iowa tenured faculty were approved Monday by the state Board of Regents, a move that could result in millions of dollars in annual savings for the Cedar Falls school.
Faculty and the administration must now decide which academic programs to eliminate before a decision is made on which professors will receive buyout offers. A meeting with the faculty union is scheduled for today.
UNI administrators have said they plan to announce as soon as this week which low-demand programs will be eliminated or consolidated as part of a broader plan to close a $5 million budget gap.
The regents’ vote came as faculty and students rolled out a series of protests on campus and at the state Capitol.