- Associated Press - Friday, June 2, 2017

MISSOULA, Mont. (AP) - A University of Montana spokeswoman says 30 percent of its employees offered early retirement buyouts have shown interest in taking the deal.

The Missoulian reports (https://bit.ly/2rtixIe ) University of Montana President Sheila Stearns said Thursday that the buyouts remain a good deal for the university, despite the fact that the low interest would not save as much money as planned.

The university offered 48 employees a deferred payment of half their annual salary to retire this July in an effort to reduce its budget and personnel costs.

Communications director Paula Short said 14 faculty members expressed interest in the deal. The faculty members have 45 days to consider a formal agreement and seven days to revoke a signed contract.

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Information from: Missoulian, https://www.missoulian.com

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