Word: funded
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...busy semester awaits the council. It should try to revive the comatose campus divestment movement and actively support the Endowment for Divestiture (E4D)--the alternative gift fund with which the council reinstituted ties last semester...
Congress is taking a cue from such state and local initiatives as it begins to consider new ways of promoting home ownership. After years of battling the Reagan Administration's wrecking-ball approach, which leveled housing funds from 7.5% of the federal budget in the late 1970s to 1.5% last year, many legislators now want the Government to aid first-time buyers actively. One bill, sponsored by Henry Gonzalez, chairman of the House Banking Committee, would create a $6 billion fund to make low-interest mortgage loans to first- timers who earn up to 115% of the median income...
Under Harvard's current faculty pension plan, each year the University and a faculty member make a contribution to an interest-earning fund. When a professor retires, the fund--converted to an annuity and combined with Social Security--should provide about 70 to 80 percent of the faculty member's final income. The yearly amount is determined by the size of the fund, and the life expectancy of the faculty member...
Retirement after 70 would change the pension in two ways, Scott says. First, the University and the professor would each be contributing to the fund for several more years, so the fund would be larger in real dollars...
...addition, the later professors retire, the shorter their life expectancy after retirement will be. So the portion of the fund used each year will increase not only because the fund itself is larger, but also because it is expected to last fewer years...