The Chancellor hopes to depict actions and reactions to the issues discussed at the retreat, especially PeopleSoft and tuition revenue targets. The Chancellor also discussed the status of the Provost search and screen committee and process. The Chair reported J. Moore attended the faculty reps meeting where there was an update on proposed optional retirement program legislation. The legislation will ask the Board of Regents to approve placing the optional retirement program within the existing retirement system. He discussed the bill proposing the multiplier be increased from 1.6 to 1.8.
Analysis shows the present system is well above the median in what gets paid out in benefits.
Thus, it is unlikely this bill will pass. The Committee thinks this issue is timely. Thus, the chair will discuss ways to address the issue in his report at the May 13 Senate meeting. D. Ward stated programs do not have to be self- supporting. Nothing has been decided about how to work distance education courses into faculty workload.