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Finance/Audit Committee Minutes.pdf

0314 F-A Minutes.pdf
Preview of Finance/Audit Committee Minutes
🔗 Source: usi.edu
📊 Size: 744 KB
👤 Author: Cox, Miekka
⬇️ Downloads: 103

Summary

The Finance/Audit Committee of the University of Southern Indiana Board of Trustees met on March 6, 2014. The committee discussed recommendations from the Benefits Study Group regarding changes to retiree benefits, including post-retirement health care, Defined Contribution Plan, and Public Employee Retirement Fund (PERF) benefits. Proposed changes include:
- Ending retiree medical, dental, and life insurance coverage for employees hired on or after July 1, 2014
- Continuing life insurance benefits for employees hired on or before June 30, 2014
- Continuing medical and dental insurance for employees with 10+ years of service or 57+ points (age + years of service) as of July 1, 2014
- Reducing University contributions to the Defined Contribution Plan from 11%/15% to 11% of appointment salary, with a one-time special base salary adjustment
- Modifying PERF retirement benefits, details of which are not fully provided in the given text.

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Description

The Finance/Audit Committee of the University of Southern Indiana Board of Trustees met on March 6, 2014.

Technical Information

  • File Format: PDF
  • File Size: 744 KB
  • Pages: 27
  • Language: EN
  • Author: Cox, Miekka
  • Total Downloads: 103
  • Last Updated: 3 weeks ago

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