Purdue to slice benefits for staff, techology costs

Back to TopCommentsE-mailPrintBookmark and Share

Purdue University will cut employee benefits, retirement contributions and information technology services to partially close a $67 million budget deficit for the West Lafayette campus.

Purdue treasurer and executive vice president of business and finance Al Diaz told employees Thursday that the plan includes cutting $27 million from their benefits. The annual retirement contribution would drop from an average of 14.6 percent to 10 percent. Employees now will pick up 20 percent of their health care costs, up from 13 percent.

Purdue will save $10 million more by restructuring campus information technology services, increasing energy conservation and expanding large group purchases. Another $5 million in savings will come from other steps.

The savings fall $25 million short of completely closing the deficit projected for mid-2012.


  • Welcome to the real world
    A 14.6% retirement contribution rate and only a 13% health care contribution rate are almost unheard of in the "real world". Those are astounding benefits. No wonder Purdue has a budget shortfall!

Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ