HARRISBURG, Pa. (AP) - June 30, 2008
A spokesman for the Pennsylvania Higher Education Assistance
Agency said last week that about 250 nonunion employees were
expected to take the voluntary buyouts. PHEAA (FEE'-ah) spokesman
Mike Reiber (REYE'-buhr) says workers have until Monday to make a
final decision.
Sen. Sean Logan, vice chairman of PHEAA's board, says the
buyouts could save the agency about $15 million a year in personnel
costs.
About 1,100 of PHEAA's 2,500 employees were eligible for the
buyouts. They were announced in April as a way to help ease
financial problems PHEAA has blamed on strained credit markets.
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