KOKOMO, Ind.(AP) -- Indiana University has eliminated more than 100 jobs as part of $59 million in state-ordered budget cuts.
Chief financial officer Neil Theobald says IU began making cuts last July in anticipation of reduced appropriations after state revenues continued to fall far short of projections.
Theobald told IU trustees that about 40 percent of the cuts came through personnel attrition after the university instituted a policy of replacing every two jobs lost with one position.
Other savings have been found by reducing travel expenses, renegotiating research grants with the federal government and requiring employees to work for IU for three years before retirement benefits are vested.
The cuts amount to about 5 percent of the university's general fund.
Information from: Kokomo Tribune, http://www.kokomotribune.com
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