Voluntary Buyout Incentive Program
The University of Nevada, Reno is positioning itself for a potential 14.12% budget reduction for the next biennium, which begins July 1, 2009. The largest component of the University’s budget is personnel costs, which are over 80% of the budget. The University cannot cut its budget by the potential 14.12% without reducing personnel costs. In an effort to reduce personnel costs the University has decided to offer a one-time only buyout incentive program. Criteria, terms and conditions of this program are listed below.