Regents Approve Budget Reallocation Plans - Eastern Kentucky University

The Eastern Kentucky University Board of Regents, meeting in special session on Tuesday, March 19, approved a plan to “Reinvest in Eastern Kentucky University.” The plan has the goal of reallocating 10 percent ($23 million) of the University’s operating budget for the support of strategic initiatives. 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.eku.edu/news/regents-approve-budget-reallocation-plans