Thursday, June 23, 2016

NDSU to offer early retirement buyouts to cope with budget woes - Ethan Nelson, InForum

North Dakota State University is seeking employee buyouts, a move to reduce the school’s budget to cope with the state’s sagging tax revenue. In an email to NDSU employees Thursday, June 16, President Dean Bresciani announced an early retirement program for staff and faculty who have been at the school long enough, an offer aimed at helping NDSU, one of Fargo-Moorhead’s largest employers, meet the 10 percent budget cuts in its next two-year budget beginning next summer. A school work group is also proposing cutting pay and eliminating a college to help keep NDSU’s budget down. NDSU and other state universities and colleges joined most state agencies earlier this year in reducing current budgets by a little more than 4 percent due to the drop in state revenue caused by slumping agriculture and oil prices.

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