Pennsylvania State University is offering voluntary buyouts to faculty and staff at its 20 commonwealth campuses as it looks to “attain a sustainable financial operating model” for those locations, the institution said in a release Wednesday. Eligible employees can elect to retire early or leave their jobs through the program through May 31. The buyouts include 12 months of the employees’ base salary and six months of subsidized health insurance for six months. A spokesperson for the university said by email that it does not have a target for participation in the buyouts.
