Jay Rich is the new BOT Vice-Chair of the Search Committee. A sub committee is working on the draft for the position description. This committee asks for input, and now is the time to get involved. This is the same date for the reduction in PERS II retirement deductions. The new salary increase and retirement contribution decrease may be an opportune time to consider utilizing the deferred compensation program to contribute to your future retirement income.
Deferrals reduce current taxable income.
Employees can increase the value of their retirement future-painlessly. Everyone wants the University to be a wonderful place, meeting students needs, meeting our needs, with a positive climate for all. Meetings will begin in October and continue through May 2000. During the 1986-1991 period, life insurance funds accumulated in the State account with Northwestern. When 8.3 million of this money was returned to the state, it was transferred from the retirement account to the General Fund.