Word: pension
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...Pension...
...contrast, the staff pension plan, administrators say, was a large hole in the University's benefits structure...
...staff pension plan, when compared to that at other universities for administrative and professional staff, was very much less good," Corvey says. "In fact, at many of our comparable sister institutions, the administrative and professional staff are members of the faculty plan...
...task force considered reducing Harvard's pension contribution by two percent, decreasing the contribution for faculty over age 40 or requiring instructors to make pension contributions, the report says. But the committee ultimately rejected these proposals...
...scenarios also rely on health insurance costs growing only six percent a year, "compared with the double digit growth of the recent past," Healy admitted. And the projections expect that city pension costs will grow at just 10 percent a year...