Professors Find Buyouts Are Not All About Money

Professors Find Buyouts Are Not All About Money | Audrey Williams June | Chronicle of Higher Education | 04 June,  2010

The article discusses the option that professors of some American colleges and universities have been given to be bought out by the school and take early retirement. Some of these schools receive state funding that has decreased as a result of the global financial crisis and so the buyouts are a way for schools to save money. The experience of professors Jo-Mae B. Maris and Brian A. Maris, who were both employed by Northern Arizona University, is discussed, particularly their decision that Jo-Mae would take retirement while her husband continued working. Professor Marilyn A. Martone, formerly of St. John’s University, discusses her decision to take the buyout to begin another phase of her career.

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