The USGA has been in the process of evolving its organizational structure to drive more significant impact and sustain a secure financial future. The association confirmed on Tuesday that 63 of its employees were offered ‘voluntary retirement incentive’ plans.
The plan, according to USGA spokesperson was offered to employees who were part of the association’s benefit plan which closed to new participants in 2008 and who were fifty-five or older.
USGA has offered a voluntary retirement incentive plan to a segment of its staff. The USGA said in a statement provided to GolfChannel.com that the purpose of this incentive is to provide eligible employees with enhanced pension and retirement health benefits with no obligations to participate.
At least fifty of the workers have volunteered, and the rest have not yet made up their minds. The deadline to accept the plan was on Tuesday.
USGA has shown good progress keeping in mind it appeared flush with cash from a 12-year television deal and in 2013 the organization signed with Fox sport. The television rights deal from various reports is worth $93.
According to the tax forms, the association reported $14 million in total revenue in 2017. According to a USGA spokesperson the retirement incentive plan will impact every department.