Resolution 85-86-01

Retirement Benefits; University Budget

The President and Provost=s requested advice from the Faculty Senate to consider either increasing the University=s contribution ration from 9.5% to 10.0% up until normal retirement age of 65 or initiative contributions for all those individuals in the plan(s) in the age interval 65 to 70, with all participants receiving University contributions of 9.5%. The resolution endorses both, but recognizing current budgetary constraints, sets forth a schedule to implement both over the next three years.

Resolution Number: 85-86-01

Author: Donald E. Yett, seconded by Wes Robb

Date: September 18, 1985

Action Taken: Passed