The College is projecting a shortfall in its 2020-21 operating budget anywhere on the order of $19.3 million to over $50 million. To accommodate for this deficit, the College announced its plans to cut $4.9 million in contributions to retirement and retiree health plans for one year. Other cuts to the operational budget include $4.9 million from non-essential maintenance work, $1.5 million from hiring expenditure, $1 million from freezing any salary increases and $7 million from reserve funds and other operating expenses.
https://kenyoncollegian.com/news/2020/06/as-kenyon-cuts-budget-by-19-3-million-unions-seek-transparency-and-continued-retirement-contributions/
