Saturday, April 17, 2010

Purdue budget, retirement plan approved: Trustees pass no salary increase with 2011 budget - Aaron Leedy, WLFI

The new plan would reduce the university's contribution to 10 percent and require employees to contribute four percent of their salaries to their retirement plan. Affected employees would then see a salary hike to keep their pay competitive. "What it really does, is it puts us in a position where we're more sustainable at the salaries of our peers and that's been really important," said Diaz.