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Research team with fuel cell testing equipment

Penn State research expenditures top $848 million in 2012-13, set record

10/11/13

Penn State's research expenditures climbed to a record high of $848.2 million for the 2012-13 fiscal year, up 5 percent over the previous year, according to Interim Vice President for Research Neil Sharkey. The total included $537.3 million in federal funds, an increase of $30 million from fiscal 2012.

Benefits changes focus on employee wellness, long-term cost savings

7/25/13

Penn State officials have announced a new, comprehensive strategy designed to improve employee health and to curb the rapidly growing cost of health care for both employees and the University. The changes, all of which are outlined in this article, will be implemented by Jan. 1, 2014, and seek to reduce, over the long term, the University’s significant and growing health care costs through wellness-focused programs and strong relationships with partner providers.

'Take Care of Your Health' sees record participation following announcement

7/25/13

As part of a strategic plan to better control health care costs for the University and its faculty and staff, Penn State officials announced the 'Take Care of Your Health” initiative earlier this month. In preparation for 2014 Benefits Open Enrollment, the wellness-focused initiative is designed to help employees and their spouse or same-sex domestic partner (SSDP) learn about possible health risks and take proactive steps to enhance their well-being.

Health benefit choices, value-based design offer lower-cost options

7/25/13

Penn State officials have developed a comprehensive, wellness-focused strategy for employee health care benefits to help stem projected cost increases and improve employee health. As part of the strategy, the University will be providing more options for health care coverage instead of the single health plan option that has been available since 2008. Those options will offer a range of deductibles, coinsurance and employee contributions, as well as provider choice.

Health care plan changes include modifications to spouse, partner costs

7/25/13

Penn State officials are enacting comprehensive changes to the University’s self-insured health care plan to mitigate significant projected cost increases. Among the changes to be enacted on Jan. 1, 2014, is a monthly surcharge of approximately $100 for employees' spouses and same-sex domestic partners (SSDPs) who elect to enroll in University coverage when coverage is available through their own employer. Employees whose spouses/SSDPs have no option to receive health care coverage through another employer will not be impacted by this change. At this time, the surcharge will not apply to employees whose spouses/SSDPs also are employed at Penn State.

University announces tobacco cessation, differential program

7/25/13

As one component in the strategic plan to improve employee health and better control health care costs for Penn State and its employees, Penn State officials have announced a monthly surcharge in 2014 for benefits-enrolled employees and their spouse or same-sex domestic partner (SSDP) who choose to use tobacco.

Penn State trustees approve 2013-14 University budget

7/12/13

Penn State’s Board of Trustees today (July 12) approved a $4.42 billion University operating budget for 2013-14. The budget includes a $285 million appropriation from the Commonwealth of Pennsylvania, representing level funding for Penn State’s general support appropriation and increases in some key programs.

Trustees approve 2.76 percent aggregate tuition increase for 2013-14

7/12/13

Penn State’s Board of Trustees Friday (July 12) approved tuition increases across its campuses that in the aggregate represent an increase of 2.76 percent for the 2013-14 academic year. This fulfills a commitment to Gov. Tom Corbett and Pennsylvania legislators to keep tuition rates as low as possible in exchange for no reduction in state appropriations.

New state budget helps maintain ag research and extension programs

7/5/13

A 3.4 percent increase in funding for Penn State agricultural research and extension included in the newly passed 2013-14 state budget will help to maintain programs critical for Pennsylvania's agricultural industry and the consumers it serves, according to Barbara Christ, interim dean of the College of Agricultural Sciences.

State budget passes; University sees increases in key programs

7/1/13

Pennsylvania's state legislature passed the 2013-14 state budget today that includes level funding for the general support appropriation for Penn State and Pennsylvania’s other state-related and state-owned universities, and welcomed increases in some key programs. Pennsylvania Gov. Tom Corbett announced plans to maintain level funding for the universities when he unveiled his 2013-14 budget proposal in February.

Trustees approve interim budget for 2013-14

5/3/13

Penn State’s Board of Trustees today (May 3) approved an interim maintenance and operating budget of $4,282,763,000. This budget supports all Penn State operations and enterprises throughout the Commonwealth.

Penn State president addresses House Appropriations Committee

2/25/13

Education is "an investment with a history of excellent returns," Penn State President Rodney Erickson told Pennsylvania lawmakers Monday (Feb. 25), and that investment is crucial in helping Penn State carry out its mission of teaching, research and service.

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