Oklahoma State University delays faculty pay raises
STILLWATER, Okla. — Faculty and staff at Oklahoma State University will have to wait for their promised merit-based pay raises after low enrollment numbers resulted in a budget shortfall.
University officials announced Monday that the school will need to postpone the 2.5 percent performance-based pay raise, which was scheduled to take effect Jan. 1, the Oklahoman reported.
A nearly 2 percent drop in enrollment has cost the university roughly $5 million in tuition and fees, said Joe Weaver, the university’s senior vice president of administration and finance.
Graduation rates among fourth- and fifth-year seniors also rose more quickly than university officials expected, Weaver said.
Read more: http://www.swtimes.com/news/20181219/oklahoma-state-university-delays-faculty-pay-raises
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