Staff Retirement
Benefits
Sherry Miller
31 August 2001
________________________________________________________________
Date: Fri, 31 Aug 2001 12:21:05 -0600
From: Sherry Miller <smiller@CM.EDU.GT>
Subject: Report on Retirement Query
To: HEAD-NET@TC.UMN.EDU
Dear Colleagues,
17 directors responded to my query regarding retirement benefits. As you can
imagine, there is a broad range from none to 30%. I hesitate to run an
average on this limited sampling but if I did, it would be 12.5 %. Some get
a percentage plus a set yearly dollar amount, most have it as a matching
option and need to make their own equal (or more) contribution. Some
mentioned using TIAA-CREF ,others whatever mechanism they choose and a
couple just get it in cash.
Would love to hear from more to make it a more comprehensive and "powerful"
bargaining tool :-) so let me know what's up for you in the long run if you
haven't already and I'll continue the tab.
Have a great weekend, etc.
Sherry
Dr. Sherry Miller, Director
Phone: 502-365-4868; 365-4817
Fax: 502-365-0116