Temple University leadership announced Tuesday in an email to faculty and staff that officers, deans and advisors to the President would be taking a 10% pay reduction starting in the month of May.
Compensation of non-bargaining unit employees earning more than $100,000 will also be reduced by 5% the email said.
This is the third action taken by the University to reduce revenue loss cause the COVID-19 pandemic.
The University says that revenue has been lost through the cancellation of conferences and events on campus in addition to the pro-rated refunding of housing, meal plans and parking charges.
Just weeks ago, the University announced an administrative hiring freeze in addition to a five percent reduction to the budget of each division within the University.
“I believe these are the logical next steps in ensuring Temple’s fiscal future. I also believe they are not the only steps we may need to take…our first obligation must be to our students and to preserving the university’s ability to provide access to the highest quality education” Ken Kaiser, CFO and Treasurer of Temple University said in the email.
There are a total of 16 officers and advisors to the President and at least 17 deans that are affected by this decision.