“Additionally, all university retirement contributions to active employees will be temporarily suspended.”
Furloughs are coming as well. This is because of the Coronavirus crisis.
Morning Call reports:
Lehigh University, facing $40 million deficit, latest college to announce furloughs, pay cuts because of coronavirus pandemic
Lehigh University is the latest area college to announce it is furloughing staff and imposing pay cuts on senior leadership to defray a budget deficit because of the coronavirus pandemic.
The Bethlehem university announced Monday that President John Simon will take a 20% salary cut, while all senior university leadership and college deans will take a 10% salary cut. Lehigh also will furlough some staff who cannot perform duties remotely starting July 1, although an exact number was not given.
In the announcement, Lehigh said it is bracing for a $40 million budget deficit for the fiscal year beginning July 1.
Additionally, all university retirement contributions to active employees will be temporarily suspended.
“We believe the actions we are now taking are necessary and prudent given the current outlook and the uncertainties of the future,” Simon said in an email to the campus community. “We recognize they require sacrifice by members of our community, and even a substantive change in the way some of us operate. While painful, they are needed to allow us the flexibility to respond and adapt.”
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