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Duke employee tuition program still won't cover UNC schools

Tuition for in-state undergrads at UNC Chapel Hill is going up a few hundred bucks next year.

Not coincidentally, the deductible for one of Duke University's most popular employee perks will likely go up the same amount.

Duke's Children's Tuition Grant program, which covers much of the cost of college for the children of employees, generally doesn't cover the cost of a public university education in North Carolina. That's because Duke sets a deductible about at the tuition rate in-state students pay to attend the UNC system's flagship, UNC-Chapel Hill.

With tuition going up $313 next year over at Carolina, the Duke deductible will probably go up as well to meet it, said Kyle Cavanaugh, Duke's human resources vice president.

The point here: If you work at Duke and have a child going to UNC-CH or another public university, Duke won't help pay.

But if you go to a more expensive college in North Carolina or elsewhere, Duke will help out - considerably. Duke's tuition grant program will cover your child's college tuition, up to 75 percent of Duke's tuition, minus the deductible.

This year, the yearly deductible is $4,816.

What it all means: If your college is expensive enough, Duke will cover up to $14,000 a semester. Students are eligible if a parent has worked full-time at Duke for five years. It maxes out at eight semesters and there's a two-child limit.

About 1,100 employees receive the benefit this year, Cavanaugh said, adding that over the years, it has proven a valuable tool to lure employees.

"It's very much a recruitment and retention issue for us," he said. "It's clearly one of the most valuable benefits we have."

At Duke: Layoffs still "possible."

At Duke University, layoffs are still a possibility as the university works its way through budget problems.

So said Kyle Cavanaugh, the university's head of human resources, in a recent information session for employees interested in a retirement incentive program.

But Duke has made progress so far. In October, Duke offered the first incentive program to 198 salaried employees.  Then, an incentive plan for hourly employees attracted nearly 300 participants.

Duke is trying to shave $125 million from its annual operating budget.

Duke will hold more information sessions for employees this month.

For more info, read this.

Duke wants you to retire

Duke University will soon roll out an incentive plan in the hopes of convincing about 700 workers to retire.

The cost-savings measure is one of several moves the university is making to cut $125 million from its operating budget over the next three years.

Administrators announced plans for the retirement initiative at a mid-day public campus forum focusing on budget issues. While not all the plan’s specifics are yet known, officials said they hoped to target between 600 and 700 non-exempt workers at least 50 years old with at least 10 years of service to Duke.

The offer wouldn’t be available to faculty or “exempt,” or professional staff members.

Duke officials to talk budget cuts

Four top Duke University officials will answer questions today about the issue on the minds of so many Duke workers: budget cuts.

Of chief interest: Whether there will be layoffs and whether Duke will offer a retirement buy-out deal.

Duke recently announced plans to reduce its operating budget $125 million over the next three years.

The forum will be at noon in the Griffith Film Theater at the Bryan Center on campus.

The administrators fielding questions today will be Provost Peter Lange, Executive Vice President Tallman Trask, finance vice president Hof Milam, and Kyle Cavanaugh, the head of human resources.

 

 

 

 

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