January 16, 2009
Nebraska College Cuts Retirement Contributions
In a move seen as a harbinger amid worsening economic conditions, a struggling Nebraska institution has ended its retirement contributions for all employees.
The decision by regents at Dana College, a private liberal-arts institution of 550 students in Blair, Neb., is uncommon, but one that other colleges are expected to consider as a way to stave off additional layoffs.
Dana, which is associated with the Evangelical Lutheran Church in America, has suffered financially for years
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