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By Beacon Journal staff
POSTED: 05:08 p.m. EDT, Mar 18, 2009
Kent State University trustees agreed today to offer buyout packages to longtime faculty and staff members in an effort to avoid layoffs and program cuts.
The board also approved a 5.87 percent increase in room and board rates for the fall semester.
Under the buyout plan, employees with at least 15 years of service at the university as of June 30, will receive a payment based on their employment classification and salary if they leave on June 30.
Tenure-track faculty members who participate in the plan will receive 100 percent of their base salary, not to exceed $65,000.
Nontenure-track faculty members will receive 100 percent of their base salary, not to exceed $35,000.
Unclassified employees will receive 100 percent of their base salary not to exceed $55,000.
Classified employees not represented by a bargaining unit will receive 100 percent of their base salary not to exceed $30,000.
Classified employees represented by the American Federation of State, County and Municipal Employees will receive 100 percent of their base salary not to exceed $20,000.
Under the new rates for room and board, a standard double-occupancy room and full meal plan will be $3,970 a semester, an increase of $220 from the current rate of $3,750. A typical double room will increase $135 a semester, from $2,290 to $2,425 and the basic board plan will increase $85 per semester, from $1,460 to $1,545.
Similar increases were instituted for other residential options, which include single and quad rooms and on-campus apartments and four other board plans.
Kent State University trustees agreed today to offer buyout packages to longtime faculty and staff members in an effort to avoid layoffs and program cuts.
The board also approved a 5.87 percent increase in room and board rates for the fall semester.
Under the buyout plan, employees with at least 15 years of service at the university as of June 30, will receive a payment based on their employment classification and salary if they leave on June 30.
Tenure-track faculty members who participate in the plan will receive 100 percent of their base salary, not to exceed $65,000.
Nontenure-track faculty members will receive 100 percent of their base salary, not to exceed $35,000.
Unclassified employees will receive 100 percent of their base salary not to exceed $55,000.
Classified employees not represented by a bargaining unit will receive 100 percent of their base salary not to exceed $30,000.
Classified employees represented by the American Federation of State, County and Municipal Employees will receive 100 percent of their base salary not to exceed $20,000.
Under the new rates for room and board, a standard double-occupancy room and full meal plan will be $3,970 a semester, an increase of $220 from the current rate of $3,750. A typical double room will increase $135 a semester, from $2,290 to $2,425 and the basic board plan will increase $85 per semester, from $1,460 to $1,545.
Similar increases were instituted for other residential options, which include single and quad rooms and on-campus apartments and four other board plans.
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