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2011 Budget Reduction Plan Released, Retirement Incentive Included

On Feb. 8, CNM President Kathie Winograd sent an e-mail to all CNM employees that included a copy of the 2011 Budget Reduction Plan, which has been constructed in anticipation of a significant reduction in CNM's state funding for the upcoming fiscal year.

Aug 29, 2016

February 2011

On Feb. 8, CNM President Kathie Winograd sent an e-mail to all CNM employees that included a copy of the 2011 Budget Reduction Plan, which has been constructed in anticipation of a significant reduction in CNM's state funding for the upcoming fiscal year.

The new Budget Reduction Plan has far-reaching effects on many departments and areas around the college, including significant reorganizations. It was developed in a way that allows the College to avoid any layoffs. The New Mexico Legislature convenes through mid-March, and CNM's state-mandated reduction in funding could range from 4 percent to 17.7 percent.

The CNM Budget Reduction Plan also includes a Voluntary Retirement Incentive package that is available to all current regular full-time employees who are eligible to retire on or before Dec. 31, 2011, under the rules established by the New Mexico Educational Retirement Board.

If you are eligible for this Voluntary Retirement Incentive, you are encouraged to thoroughly consider your options. If you haven't already received a copy of the plan through interoffice mail and you believe you might be eligible for the Voluntary Retirement Incentive, or if you have questions about the program, please call Julianne Ziter at (505) 224-4704.

Please note the deadlines. Employees who wish to participate in this program must submit their "Election to Participate" by March 21, 2011, to the Human Resources Department. Regardless of whether you ultimately choose to retire or not, you should contact the NMERB soon to understand your options. You can call the NMERB office in Albuquerque at (505) 888-1560. You can also attend one of the NMERB information sessions at CNM that follow:

Tuesday, February 22, 9:00 – 11 a.m., Room 139, WTC
Tuesday, February 22, 1:30 – 3:30 p.m., SRC 103, Main Campus
Thursday, February 24, 1:30 – 3:30 p.m., Room 139, WTC
Thursday, March 3, 1:30 – 3:30 p.m., Room 139, WTC
Tuesday, March 8, 1:30 – 3:30 p.m., SRC 103, Main Campus
Wednesday, March 9, 9 – 11 a.m., SRC 103, Main Campus

Below is a link to the entire 2011 Budget Reduction Plan, which could be adjusted depending on the final details of the state budget that has not yet been finalized by the New Mexico Legislature. The legislative session doesn't end until March 19. Here is President Winograd's letter to the CNM community that was e-mailed on Feb. 8, along with the link to the Budget Reduction Plan:

Dear CNM Community,

Attached is the first draft of our new Budget Reduction Plan that is designed to prepare the college to endure another year of budget cuts through June 2012. All employees at CNM need to read this Budget Reduction Plan and understand the changes that will be taking place in the upcoming year.
I want to thank everybody who contributed ideas for this new Budget Reduction Plan. Your understanding of the budget challenges we face at CNM is greatly appreciated.

It's because of your commitment to the wellbeing of this college and your thoughtful contributions to the 2009 Budget Reduction Plan that we've been able to survive the past two years of budget reductions without laying off employees, reducing salaries or cutting employee benefits.

We are facing another challenging budget year ahead. There will be a lot of change associated with this new Budget Reduction Plan, but please know that the plan has been developed with the best interests of our students and employees at heart.

I thank you for your understanding of our budget situation and for your support of our continuing budget reduction efforts. Without your cooperation, engagement and support of the cost-cutting measures we've implemented during the last two years, the challenges in the coming year would be much steeper.

I hope you will continue to support the budget reduction efforts in the year ahead as well. I know I've been saying this for a long time now, but we will eventually emerge from these very difficult economic times as a stronger organization, and we will continue to stand tall as one of the best community colleges in the country.

Thank you,

Kathie Winograd