Canisius offers buyouts

By: Sydney Umstead, News Editor 

It was announced on April 11 that Canisius University has rolled out a new program that would buy out long-standing faculty members. 

WGRZ2 reported on the buy-outs, linking the plan to the efforts of the university towards decreasing its debt, which have taken shape over the past three years. 

The program, titled the Voluntary Separation Incentive Program (VSIP), offers faculty the option to enroll based on potential retirement. It is also available for those who may be considering leaving their position at the institution. 

According to a press release from the university, the implementation of VSIP comes from a recommendation from the Institutional Sustainability Task Force, which has been tasked with cutting $15 million from the budget over the next two fiscal years. 

The core mission of the task force is to reinvest “30% of the aggregate savings back into high-impact institutional priorities that enhance the student experience.” 

“The decisions we make today will ensure that Canisius University thrives and continues to serve future generations of students who will benefit from our unending pursuit of academic excellence and commitment to the greater good,” President Stoute stated in the press release.