WVU offers buyout to certain employees

Monongalia and Preston

WVU is offering an employee buyout. The WVU Board of Governors recently approved a 1.4 percent tuition increase for students and needed to balance the budget. 

This means they need to reduce expenses by $14.8 million. 

The voluntary separation incentive program and not filling vacant positions are ways the university hopes to save. 

Employees who have 20 years or more of service can express an interest on the buyout. 

“You know, for those who are retirement eligible, this may incentivize them to  go ahead and retire. So they would retire from the university. Others, they may have 20 years with the university, but are not ready to retire or are eligible to retire. So they may stop employment with the university and go work somewhere else in the private sector,” said Alsop. 

More than 1,000 employees qualify for the buyout. 

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