Board of Visitors minutes March 31, 1989 | ||
CONSIDERATIONS:
- 1. The new formula should ensure a retirement annuity of at least 66% of final salary including social security.
- 2. The new formula should be cost neutral or have a minimal cost impact.
- 3. The cap of $60,000 should be increased.
- 4. The University should assist the Health Services Foundation with their tax reform problems while, at the same time, ensuring that the University's program is not jeopardized.
- 5. The formula should be equitable for a majority of the faculty.
Board of Visitors minutes March 31, 1989 | ||