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flag Over 100 UNL faculty applied for a retirement buyout to save $5.5 million amid budget cuts.

flag Over 100 tenured University of Nebraska faculty applied for a retirement buyout program by the September 30 deadline, with nearly a quarter of the 450 eligible faculty participating. flag The Voluntary Separation Incentive Program, open to those aged 62 or older with at least 10 years of service, aims to address a $20 million budget gap from stagnant enrollment and reduced state funding. flag Participants will receive a lump sum equal to 70% of their base salary, with notifications expected in November. flag The university may limit participation to ensure fiscal stability. flag This marks the fourth such buyout since 2010, with prior rounds saving millions. flag UNL projects up to $5.5 million in savings, part of broader cost-cutting measures including potential cuts to academic programs and up to 77 faculty positions, pending a December decision by the NU Board of Regents.

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