Dive Brief:

• Brandeis University is attempting to plug a budget hole by offering early retirement to about 150 employees, or about 13% of its staff.
• The buyouts are meant to address a projected budget deficit of $6.5 million and do not apply to faculty.
• The university said that it had not set a target for savings through the buyouts and that the actual savings depended on how many employees took advantage of the program.

Dive Insight:

News of the buyouts comes not long after a report late last year that Brandeis had paid the school’s former president millions of dollars for part-time work since he stepped down. The school says there is no connection between those payments and the buyout offers.