EKU to reallocate 10 percent of university’s operating budget, lay off employees - Lane Report

The EKU Board of Regents approved a plan Tuesday to “Reinvest in Eastern Kentucky University.” The plan’s goal is to reallocate 10 percent ($23 million) of EKU’s operating budget for the support of strategic initiatives. A student walks across campus on the first day of classes at EKU this past fall. To address the staffing reductions such a plan will require, the Regents also unanimously approved a Staff Voluntary Buyout Program (VBP), Staff Reduction in Force Program (Staff RIF) and an Enhanced Retirement Transition Program (ERTP) for Faculty. http://www.lanereport.com/19694/2013/03/eku-to-reallocate-10-percent-of-universitys-operating-budget-will-layoff-employees/