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Luther College to give bonuses to its staff members

Posted: Tue, May 31, 2011 4:35 PM

Luther College has announced that many of its employees will be receiving a one-time $750 salary bonus.  The money will be given to employees with a .75 to 1.0 FTE appointment, while employees with a .50 to .74 appointment will receive a pro-rated bonus.

Luther officials say the bonus was possible because the college had a 2010-11 budget surplus.  Greater than projected tuition revenue and unspent contingency funds contributed to the end-of-school-year surplus.