Morehead State College has introduced voluntary worker buyouts in response to finances cuts and rising pension prices.
The Lexington Herald-Chief studies MSU is the primary Kentucky regional college to cuts its workforce within the face of the approaching funding loss. President Jay Morgan wrote in a Friday e-mail the college must make “a big discount” within the worker workforce by way of hour discount or leaving completely by spring.
Morgan stated Tuesday his objective is for 20 to 25 staff to transition to half-time. He additionally says the varsity will not cowl dental advantages or purchase six months of unused sick time from retiring staff.
Underneath Gov. Matt Bevin’s proposed state finances, MSU will see a $2.5 million lower in state funding and a $2.7 million improve in pension funds.