WMKY

Morehead State Reviewing Buyout Program

Jul 14, 2014

Credit Morehead State University

Morehead State officials are still analyzing the success of the university’s spring voluntary employee buyout program.

Vice President Beth Patrick is MSU’s Chief Financial Officer. Patrick says of the jobs vacated, the school is attempting to determine which of them need to be refilled, the salary level required and if some of those duties can be divided among other employees.

Morehead State had hoped the buyout program would net four million dollars in savings that could be reinvested in other areas of the campus. Patrick believes the university is about halfway towards that goal.

Patrick admits MSU could still consider employee layoffs. However, she says there’s no imminent plan for doing so at this time. Patrick adds the university is looking at other ways for obtaining the remaining two million dollars.