About 300 Lincoln University workers to get one-time ‘retention payments’
JEFFERSON CITY, Mo. (KMIZ)
Lincoln University's board of curators approved extra payments for about 300 workers during a special meeting Thursday.
The $1,250 payments will go to each permanent, full-time employee who makes less than $100,000 per year, according to a memo from the Lincoln administration. The payments will go to employees on the payroll as of May 31 and still employed on Dec. 31.
That applies to 304 employees, a Lincoln spokesperson said. The payments will cost the school about $380,000.
The payments are meant to show appreciation for staff and the job they're doing, the spokesperson said. They come at a time when inflation is reducing the purchasing power of households across the country.
The board settled on the $1,250 amount after looking at how much money was available to spend in the budget, the spokesperson said.
Employee retention rose between fall 2017 and fall 2019, according to the university's website. More recent numbers were not posted.
The curators will meet next in February.