Eastern Kentucky University says it's giving the buyouts to 127 workers who applied for them and were accepted.
The school's executive director of human resources, Gary Barksdale, says most people who chose the buyout are rank-and-file staff workers. The program was not made available to faculty or vice presidents.
Buyout packages were calculated based on an employee's years of service. They include a $1,500 payment for health insurance costs.
Outgoing EKU president Doug Whitlock announced the program in March as part of a $23 million, 10% cut to the school's budget. Other decisions related to the budget cuts are pending.