Update on employee retirement benefit and hiring freeze

While we continue to monitor our financial situation closely, at this time we believe we are in a strong enough position to move forward with some positive steps to restore employee benefits.

Financial update

As you are aware, we have had to make some difficult decisions since this spring in response to COVID-19, many of which have had a direct impact on our faculty and staff. These steps were taken based on the information we had at the time, and now that we’re getting a clearer picture of our financial situation, we are cautiously optimistic that our outlook is improving.

Steps toward financial recovery

Looking ahead to the next fiscal year, the question we must now attempt to answer is how best to position the university to respond to the challenges that still lie ahead.