Wednesday, May 20, 2020

Furlough, Job Cut Plan Approved for University System of Georgia - Paul Fain, Inside Higher Ed

The Board of Regents for the University System of Georgia has granted the system authority for a plan to possibly cut jobs or furlough employees. The system said it is working with its 26 colleges and universities to develop a new spending plan for the 2021 fiscal year that would feature a 14 percent reduction from the current fiscal year. Georgia's tax revenues dropped by roughly $1 billion in April. Most faculty and staff members would be required to take either four or eight furlough days under the plan, depending on their salary. Those with the largest base salaries will be required to take 16 furlough days, the equivalent of a 6.2 percent pay cut. The system chancellor and all presidents across the system will take a 10 percent pay cut, which includes 26 furlough days.
https://www.insidehighered.com/quicktakes/2020/05/08/furlough-job-cut-plan-approved-university-system-georgia

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