Archive for May, 2009

Budget Update: Latest Info on Furloughs

Filed under University Budget
05.04.2009

NC State University continues to work with UNC General Administration, the Office of State Personnel and the Office of State Budget Management to answer questions regarding the Governor’s Executive Order #11, which mandates a flexible furlough program for all state employees.

Here’s what we know:

  1. All university employees (regardless of source of funding) will receive a .5 percent reduction in their annual salary.  For example, an employee who makes $50,000 will see a salary reduction of $250.
  2. The reductions will take place in May and June.
  3. Employees will be given 10 hours of “flexible” time off, which can be used from June 1 through Dec. 31 (pro-rated for part-time employees) and subject to your supervisor’s approval.
  4. Benefits will not be affected by the furlough.  The reduction will not impact longevity pay, payouts for unused leave, service credit or health and retirement benefits.

Additional information will be available as soon as possible.  Check the NC State home page and the budget news page for updates and information.