Word: pension
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...University Task Force on Benefitsrecommended changes to medical copayments, medicalcontributions and pension plans last fall. Somechanges will particularly affect part-timeworkers...
Several of Harvard's employee unions have already accepted the new benefits package, which includes altered pension plans, increased co-payments and a plan linking payments for medical plans to employee incomes, but HUCTW members have said they will have no part of changes which they did not play a role in developing...
Last month the Corporation, the more powerful of the University's two governing boards, rejected a Faculty committee's proposal that the University reverse a previously approved one-percent reduction in Harvard's contribution to faculty pension plans. Professors blasted the Corporation for its decision, with several saying faculty-administration relations had reached an all-time...
Knowles called the report "careful and thoughtful" in March, before the Corporation decided to adopt a soft cap on contributions to post-retirement health care, but not to rescind a one percent reduction in pension contributions...
After the Corporation's decision was announced last month, professors said the rejection of the Standing Committee's proposal to rescind the pension reduction would serve only to increase tension and decrease touch between the Faculty and the administration...