- Associated Press - Monday, April 20, 2015

MADISON, Wis. (AP) - Two more University of Wisconsin System schools will offer voluntary employee buyouts to help cushion massive cuts looming in Republican Gov. Scott Walker’s budget.

UW-Stout officials announced its plan Monday. UW-Platteville announced its program on Friday. Employees must be at least 55 years old as of mid-2015, have at least five years of service and be eligible to receive an annuity through the state retirement system. Takers would generally receive a one-time payment equal to half their salary.

Five other UW schools have announced similar buyout programs as they grapple with Walker’s plans to cut $300 million from the system.

The cuts aren’t a done deal, however. The Legislature’s finance committee is revising Walker’s budget ahead of full votes in the Senate and Assembly early this summer.

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