FORT WORTH -- Longtime Tarrant County College employees will learn today about a voluntary buyout offer that Chancellor Erma Johnson Hadley described as a "right-fitting" of the work force.
TCC trustees voted unanimously Thursday night to offer the buyouts.
The package would provide 80 percent of a year's base salary to employees whose combined age and years of service equal at least 80 or those who are 65 or older and have worked for TCC at least 10 years.
"We figure that it could be as many as 272 employees," said Bill Lace, vice chancellor for administration. "We have no idea how many are going to participate."
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Eligible employees will receive information today and have until May 13 to respond. Those who accept the offer will have until Aug. 31 to leave.
No layoffs are attached to the success of the offer, and no staff reductions are planned, Lace said.
"It's strictly voluntary," Hadley told the board Thursday before the vote. "We are not pushing anybody out. This is for those who want to do something else or those who want to do nothing."
The TCC system has 2,094 full-time employees. The student enrollment is 45,412.
"It is not being offered to balance the budget," Lace said. "It is really sort of repurposing the money.
"There will be some cost savings, but we have a lot of initiatives going because of our strategic plan, and some of those need some funding."
Those initiatives include the TCC Institute for employee training and a management leadership program. Student support systems, academic program upgrades and the Achieving the Dream initiative would also benefit.
At a workshop Saturday, trustees were shown financial projections based on buyouts of 50 percent to 80 percent of an employee's annual salary.
"We need the maximum level of participation to do what we need," Lace said. "If everybody accepted it at the 80 percent level, it would save $5.5 million. The payout would be $15.3 million, and we would recover that in 2.8 years."
Some positions could be redirected to new areas, and staffers could be reassigned or new employees hired.
Other higher-education institutions have offered employees buyout packages to raise money for new ventures. The University of North Texas in Denton announced a similar plan this week, offering 100 percent of base salary to tenured faculty who have been with the school for 15 years or more.
Shirley Jinkins, 817-390-7657