Oklahoma State University delays faculty pay raises
December 19, 2018
STILLWATER, Okla. (AP) — 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 fo...