Word: pensionsã
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...growth rate and federal funding for research.CASH OUTFLOWHarvard’s expenditures increased by about $240 million this year, primarily as a result of increased employee benefit costs and changes in space and utility fees, according to the report.The cost of employee benefits—including health plans and pensions??€”rose by 12 percent this year, after a 3 percent rise the previous year, as a result of interest rate changes. Post-retirement health costs skyrocketed 30 percent this year after dropping 28 percent last year. To combat the rise in benefit costs, the University will implement...
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