University of Sioux Falls reverses staffing downturn

Argus Leader, Sioux Falls, S.D.

February 5, 2010

A year after the University of Sioux Falls laid off faculty and staff, cut salaries and reduced retirement benefits because of the battered economy, it celebrated a comeback Thursday. Citing increased enrollment, continuing donor contributions, rebounding endowment dollars and improved student retention, President Mark Benedetto told his staff that almost half will receive 2 percent bonuses after salaries were cut 9 percent a year ago. All who are eligible will have retirement benefits restored to a 5 percent match of their own retirement giving.

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