The Seminary announced their budget cuts yesterday. The most sweeping change was the loss of medical and life insurance for any student employees. The traditional categories of career staff and student staff were changed. Any employee (or their spouse) taking more than one course will lose their medical and life benefits. Most of the seminary is staffed by students or by student wives, so you can imagine the reaction.
The change will take effect in two weeks.
As a doctoral student in the dissertation stage, I am able to keep the insurance until August 1st. This is a small one time exception. What happens after that? All doctoral students who are employed by the seminary will lose their benefits in August.
The second change is that the faculty and staff will receive a 5% pay cut. Senior administrators will take 7% and the president will take 10%.
These are tough times, but nobody was laid off. I know the seminary will remain just as strong as ever with a few changes. There are no easy decisions. I am confused, but thankful all the same.
You can click on the link for more information.
NOBTS Announces Austerity Budget
-Arnold
Niagara Falls (with kids!)
4 years ago
5 comments:
lets go play Bingo and win some BIG MONEY!!! :)
LoL... that gave me a good laugh!
-Arnold
I have been and will continue to pray for you guys!! I think you all are something special!! a
Hey, sorry to hear about the pay cut. Hope everything works out alright. By the way, Joey's old supervisor agreed to take him back, so he goes back to collecting from hurting people Saturday. Back to graveyard shifts and missing church, but at least it is a sure thing. Still hoping a new job will be coming along soon. Got some nice people keeping an eye out locally.
Still very excited for you guys about the baby. Got any names picked out?
You are asking us about names?!? that cracks me up!
-Arnold
Post a Comment