SUNY Orange proposes buyouts to help with budget deficit - Kris McKenna, Times Herald-Record

SUNY Orange administrators, facing declining enrollment and a projected budget deficit of $1.6 million for the current school year, have proposed offering longtime staff members payments of as much as 75 percent of their salaries as an inducement to retire. Under a deal worked out with employee unions and presented to the Orange County Legislature for its approval, the community college would offer buyouts to full-time employees who are 55 and older, have at least 20 years of service and are eligible to claim their state pensions. Workers would be paid 42 percent, 58 percent or 75 percent of their 2017 base salaries, depending on their years of service. The top amount would go to those who have worked for 30 years or more. http://www.recordonline.com/news/20171212/suny-orange-proposes-buyouts-to-help-with-budget-deficit