Oklahoma State University delays faculty pay raises

The Associated Press and The Oklahoman - December 19, 2018 9:26 am

(Information from: The Oklahoman, http://www.newsok.com)
STILLWATER, Okla. (AP) – Faculty and staff at Oklahoma State University will have to wait for performance-based pay raises after low enrollment numbers resulted in a budget shortfall.
The Oklahoman reports that university officials announced Monday that the school will need to postpone the 2.5 percent merit-based pay raise program, which was scheduled to take effect January 1st.
Joe Weaver, the university’s senior vice president of administration and finance, says a nearly 2 percent drop in enrollment has cost the university about $5 million in tuition and fees. He says graduation rates among fourth- and fifth-year seniors improved more quickly than university officials expected.
Weaver further states that university officials remain hopeful that the school can implement the pay raise program for the next fiscal year, beginning July 1st.

 

Latest Stories

Commerce Honors Senator Coleman for Work on Incentive Legislation

The Oklahoma Department of Commerce (Commerce) honored Senator Bill Coleman for his work to support economic development and community...

TCSO Detectives are Searching for Leads in Disappearance of 3 Oklahoma Residents

Tulsa County Sheriff’s Office (TCSO) TCSO Detectives are searching for leads in the disappearance of 80-year-old...

3 Suspects In Custody After Attempted Armed Robbery At Broken Arrow Medical Marijuana Dispensary

BROKEN ARROW, Oklahoma –  Three men are in jail accused of robbing Broken Arrow dispensary employees...