I wanted to provide you with an update on our efforts to a new incentive-based budget model. As I mentioned in my September 19 message to campus, the new model has been finalized by our campus leadership. This is a significant milestone and is the result of tremendous work by the Responsibility Center Management Steering Committee.
The University of Nebraska is offering eligible faculty an opportunity to retire early through our Voluntary Separation Incentive Program.
The VSIP provides flexibility to our faculty regarding their retirement options. Based on past experience, we know a number of faculty may be considering retirement, and the VSIP gives those faculty an attractive option while also creating flexibility in the university’s budget to reinvest in priorities or plan for future uncertainty.
We have now reached the midpoint of our on-campus interviews of candidates for the position of Executive Vice Chancellor for Academic Affairs. I’m grateful to everyone who has engaged with the candidates thus far and encourage everyone to participate in the remaining interviews. Public presentations by the candidates will be held today, Oct. 10, and Tuesday, Oct. 15 – both at 3:00pm in the Nebraska Union’s Swanson Auditorium, followed by receptions.